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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
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 | ||||||||||
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| Subjects: | H Social Sciences > HJ Public Finance J Political Science > JF Political institutions (General) |
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| 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: |
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| 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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