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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

10

Strana od-do

256-265

Název nakladatele

Vysoká škola báňská - Technická univerzita Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

2. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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