Conditional Political Business Cycles and Political budget Cycles in the EU Countries

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 Business Cycles and Political budget Cycles in the EU Countries

Popis výsledku v původním jazyce

Can electoral motives influence economic performance? Can electoral motives influence fiscal outcome? Are there systematic patterns in the fiscal policy variables (expenditure, revenue, deficits), which are caused by upcoming elections? This paper examines the presence of the conditional political business cycle and the conditional political budget cycle in the EU countries using data from all 28 member states over the period 1995 - 2013. The dynamic panel linear regression model is used in this article. Three important results emerge: First, there is not statistically the significant political-business cycle in the EU countries. Second, the political-business cycle apparently does not depend on credibility and transparency of fiscal institutions. Third, in the EU countries, however, exists a political-budget cycle, which is institutionally conditioned.

Název v anglickém jazyce

Conditional Political Business Cycles and Political budget Cycles in the EU Countries

Popis výsledku anglicky

Can electoral motives influence economic performance? Can electoral motives influence fiscal outcome? Are there systematic patterns in the fiscal policy variables (expenditure, revenue, deficits), which are caused by upcoming elections? This paper examines the presence of the conditional political business cycle and the conditional political budget cycle in the EU countries using data from all 28 member states over the period 1995 - 2013. The dynamic panel linear regression model is used in this article. Three important results emerge: First, there is not statistically the significant political-business cycle in the EU countries. Second, the political-business cycle apparently does not depend on credibility and transparency of fiscal institutions. Third, in the EU countries, however, exists a political-budget cycle, which is institutionally conditioned.

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

Innovation Vision 2020: from regional development sustainability to global economic growth : proceedings of the 25th International Business Information Management Association Conference : May 7-8, 2015, Amsterdam, Netherlands

ISBN

978-0-9860419-4-5

ISSN

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e-ISSN

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Počet stran výsledku

13

Strana od-do

1512-1524

Název nakladatele

IBIMA

Místo vydání

Norristown

Místo konání akce

Amsterdam

Datum konání akce

7. 5. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000360508700149