POLITICAL BUDGET CYCLES – GOING BEYOND THE AVERAGE

Michał Wielechowski
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引用次数: 2

Abstract

We test whether there are country-specific election cycles present in the public expenditure in the European Union. Using panel data on all 28 current EU Member States from 1995 to 2015, we find in general evidence for an election-induced expansion in total government spending and within the categories of public services, safety, housing, recreation, and education. Our contribution is to combine the notion of targeting specific public spending categories and the occurrence of country-specific political budget cycles in the EU. The results indicate that election cycles vary substantially across countries. We observe a significant election effect in about 77% of our estimates. Two thirds of these observed significant effects represent increased spending in pre-election period.
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政治预算周期——超出平均水平
我们检验在欧盟的公共支出中是否存在特定国家的选举周期。利用1995年至2015年欧盟所有28个成员国的面板数据,我们发现了选举导致政府总支出以及公共服务、安全、住房、娱乐和教育类别扩张的普遍证据。我们的贡献是将针对特定公共支出类别的概念与欧盟特定国家政治预算周期的发生结合起来。结果表明,各国的选举周期差别很大。我们在大约77%的估计中观察到明显的选举效应。在这些观察到的显著影响中,有三分之二表明选举前的支出有所增加。
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来源期刊
自引率
0.00%
发文量
15
审稿时长
17 weeks
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