Conditional political budget cycles: a review of recent evidence |
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Authors: | Jakob de Haan Jeroen Klomp |
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Institution: | 1. Faculty of Economics and Business, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands 2. De Nederlandsche Bank, Amsterdam, The Netherlands 3. CESifo, Munich, Germany 4. Social Sciences Group, Wageningen University, P.O. Box 8130, 6700 EW, Wageningen, The Netherlands
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Abstract: | Until recently, most research on political budget cycles was based on the (often implicit) presumption that these cycles do not differ across countries. However, more recent studies focus on heterogeneity. This paper surveys studies examining the factors conditioning the occurrence and strength of manipulation of fiscal policy for electoral purposes, at the aggregate level or at the level of a particular type of government expenditure. Conditioning factors discussed include: the level of development, institutional quality, age and level of democracy, electoral rules and form of government, transparency of the political process, the presence of checks and balances, and fiscal rules. |
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