Conditional political budget cycles in the OECD countries: the case of government expenditures

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094826" target="_blank" >RIV/61989100:27510/15:86094826 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Conditional political budget cycles in the OECD countries: the case of government expenditures
Original language description
The public choice theory studies interactions of politicians, voters and bureaucrats, which can be investigated in a number of ways. In this paper, we will investigate the so-called "political budget cycle". This term is used to describe cyclical fluctuations (or systematic patterns) in the fiscal policy induced by the timing of elections. We examine the presence of the conditional political budget cycle in the OECD countries using data from 25 member states over the period 1995 - 2012. Three importantresults emerge: First, there is a statistically significant political budget cycle (PBC) in the government expenditures which is institutionally conditioned (it exists in the total government expenditures in the OECD countries with lower level of fiscalcredibility and transparency). Second, the PBC exists mainly in the specific government expenditures, e.g. social expenditures. Third, the PBC is hidden also in some government expenditures in the OECD countries with high level of credibi
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 13th International Conference "ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES"
ISBN
978-80-248-3796-3
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
256-265
Publisher name
Vysoká škola báňská - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 2, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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