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Political cycles in public expenditure : butter vs guns

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Bove, Vincenzo, Efthyvoulou, Georgios and Navas, Antonio (2017) Political cycles in public expenditure : butter vs guns. Journal of Comparative Economics, 45 (3). pp. 582-604. doi:10.1016/j.jce.2016.03.004 ISSN 0147-5967.

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Official URL: http://dx.doi.org/10.1016/j.jce.2016.03.004

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Abstract

This paper investigates how the timing of elections and government ideological motivations influence the dynamics of social and military expenditure in a panel of 22 OECD countries over the period 1988-2008. Three basic results emerge: First, governments tend to bias outlays towards social expenditure and away from military expenditure at election times. Second, membership in the NATO alliance affects the timing of election-driven military spending manipulations. Third, partisan distinctions are clearly discernible but differ between the two types of expenditure: while certain categories of social expenditure are higher during left administrations, military expenditure are higher during right administrations.

Item Type: Journal Article
Subjects: H Social Sciences > HJ Public Finance
J Political Science > JF Political institutions (General)
Divisions: Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH): Military spending, Public investments, Business and politics
Journal or Publication Title: Journal of Comparative Economics
Publisher: Elsevier
ISSN: 0147-5967
Official Date: August 2017
Dates:
DateEvent
August 2017Published
1 April 2016Available
28 March 2016Accepted
23 December 2015Submitted
Volume: 45
Number: 3
Number of Pages: 38
Page Range: pp. 582-604
DOI: 10.1016/j.jce.2016.03.004
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access (Creative Commons)
Date of first compliant deposit: 4 April 2016
Date of first compliant Open Access: 1 April 2018

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