THE POLITICAL BUDGET CYCLE IN OECD 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

THE POLITICAL BUDGET CYCLE IN OECD COUNTRIES

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

THE POLITICAL BUDGET CYCLE IN OECD COUNTRIES

Popis výsledku anglicky

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.

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

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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Počet stran výsledku

11

Strana od-do

311-321

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

16. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000366004300033