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Cycles on public expenditure composition within the European Union

dc.contributor.authorBarreira, Ana Paula
dc.contributor.authorBaleiras, Rui Nuno
dc.date.accessioned2014-05-13T08:36:35Z
dc.date.available2014-05-13T08:36:35Z
dc.date.issued2006
dc.description.abstractCasual observation of fiscal aggregates in developed economies detects current expenditure rising faster than capital expenditure in the run-up to elections with the reverse occurring soon after. We provide a rationale for these types of political budget cycles which is consistent with full information and self-interested politicians: current expenditure typically produces immediate political returns, while politicians are still in office and, investment expenditure needs a time span to generate political dividends. This paper provides an empirical application to test the existence of a political budget cycle on EU central governments’ expenditure data running from 1970 to 2001. We use the Pooled Mean Group Estimator technique to determine the empirical results.por
dc.identifier.otherAut: APR00533;
dc.identifier.urihttp://hdl.handle.net/10400.1/3876
dc.language.isoengpor
dc.peerreviewednopor
dc.publisherECOMODpor
dc.relation.publisherversionhttp://ecomod.net/sites/default/files/document-conference/ecomod2006-rum/1248.pdfpor
dc.subjectPolitical budget cyclespor
dc.subjectPublic expenditurepor
dc.subjectElectionspor
dc.subjectPanel data estimationpor
dc.titleCycles on public expenditure composition within the European Unionpor
dc.typeconference object
dspace.entity.typePublication
oaire.citation.conferencePlaceBruxelas, Bélgicapor
oaire.citation.endPage34por
oaire.citation.startPage1por
oaire.citation.titleECOMOD Conference Proceedingspor
person.familyNameBarreira
person.givenNameAna Paula
person.identifier.ciencia-id471B-B2E3-7830
person.identifier.orcid0000-0001-5816-3361
rcaap.rightsopenAccesspor
rcaap.typeconferenceObjectpor
relation.isAuthorOfPublication59757a7d-4223-403f-bc92-86ab67f43f37
relation.isAuthorOfPublication.latestForDiscovery59757a7d-4223-403f-bc92-86ab67f43f37

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