Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/27487

Title: Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures
Authors: Castro, Vitor
Martins, Rodrigo
Keywords: Government expenditures
Political cycles
Elections
Europe
Fiscal policy
Issue Date: 2017
Publisher: © Elsevier
Citation: CASTRO, V. and MARTINS, R., (2017). Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures. European Journal of Political Economy, In Press.
Abstract: This article analyses the incidence of politically driven cycles on the functional components and sub-components of government expenditures over a group of 18 European countries during the period 1990-2012. An LSDVC estimator is employed in the empirical analysis. The results provide evidence of political opportunism at aggregated and disaggregated levels of public expenditures. The expenditure components that have proved to be more related to that behaviour are public services, education, social protection and some sub-components of health expenditure, items that tend to generate outcomes that are more visible to voters. Some disaggregated evidence of partisan manipulation is also found.
Description: This paper is in closed access until 9th Nov 2019.
Sponsor: Vitor Castro also wishes to thank the financial support provided by the Portuguese Foundation for Science and Technology under the research grant SFRH/BSAB/113588/2015 (partially funded by COMPTE, QREN and FEDER).
Version: Accepted for publication
DOI: 10.1016/j.ejpoleco.2017.11.003
URI: https://dspace.lboro.ac.uk/2134/27487
Publisher Link: https://doi.org/10.1016/j.ejpoleco.2017.11.003
ISSN: 0176-2680
Appears in Collections:Closed Access (Economics)

Files associated with this item:

File Description SizeFormat
VC_RM_cofog.pdfAccepted version1.15 MBAdobe PDFView/Open

 

SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.