THE POLITICAL BUDGET CYCLE IN OECD COUNTRIES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86096377" target="_blank" >RIV/61989100:27510/15:86096377 - 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
THE POLITICAL BUDGET CYCLE IN OECD COUNTRIES
Original language description
Examination of so called political business cycle, that is, the possibility of a macroeconomic cycle induced by the political cycle, provides little evidence in empirical studies. The empirical evidence of statistically significant increase in economic activity before election is especially a matter of less developed countries. There is a shift in focus to political budget cycle in the developed economies. This paper examines the presence of political budget cycles (PBCs) in the OECD countries using data from all 34 member states over the period 1995-2012. The dynamic panel linear regression model is used in this article. Three important results emerge: First, there is PBC in the OECD countries. Second, there is a cycle in the fiscal expenditures. Third, there is not cycle in the fiscal revenues.
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
Economic Policy in the European Union Member Countries : XII. international scientific conference : 16th - 18th September 2014, Beltine Forest Hotel, Ostravice
ISBN
978-80-7510-114-3
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
311-321
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000366004300033

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