‘Leaning Against an Open Door’: Ideology and the cyclicality of public expenditure期刊界 All Journals 搜尽天下杂志传播学术成果专业期刊搜索期刊信息化学术搜索

按检索

‘Leaning Against an Open Door’: Ideology and the cyclicality of public expenditure

Institution:	1. Business School, University of Hull, Cottingham Road, Hull HU6 7RX, United Kingdom;2. Department of Economics, University of Bath, Claverton Down, Bath BA2 7AY, United Kingdom;1. Università La Sapienza di Roma, Italy;2. Università di Milano Bicocca, Italy;1. Secretaria General del Tesoro y Política Financiera, Ministerio de Economía y Competitividad, Paseo del Prado N° 6, Madrid, Spain;2. Grupo de Economía Internacional, Departamento de Economía y Ciencias Sociales, Universidad Politécnica de Valencia, Camino de Vera s/n, Valencia 46022, Spain;3. Instituto de Economía Internacional, Universidad de Valencia, Avenida de los Naranjos s/n, Valencia 46022, Spain;1. Economics Department, Faculty of Business, Economics and Communications, Naresuan University, Muang, Phitsanulok 65000, Thailand;2. Economics and Finance Group, Portsmouth Business School, University of Portsmouth, Richmond Building, Portland Street, Portsmouth, Hampshire PO1 3DE, United Kingdom;1. EQUIPPE, Université de Lille, France;2. EDEHN, Université du Havre and Skema Business School, France

Abstract:	When is government expenditure likely to be procyclical? While economists tend to anticipate counter-cyclical expenditure, recent studies report procyclical expenditure. This paper explores the impact of political ideology on the cyclicality of government expenditure. Predictions are tested with reference to government expenditure in the USA between 1950 and 2008. The likelihood of procyclical expenditure increases if groups that press for increased public expenditure are‘…leaning against an open door’.

Keywords:	Business cycles Fiscal policy Voracity effects Political ideology
本文献已被 ScienceDirect 等数据库收录！

设为首页 | 免责声明 | 关于勤云 | 加入收藏