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Intergovernmental transfers and procyclical public spending

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Intergovernmental transfers and procyclical public spending. / Abbott, Andrew James; Jones, Philip.

In: Economics Letters, Vol. 115, No. 3, 01.06.2012, p. 447-451.

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Abbott, Andrew James ; Jones, Philip. / Intergovernmental transfers and procyclical public spending. In: Economics Letters. 2012 ; Vol. 115, No. 3. pp. 447-451.

Bibtex

@article{5b7de7a90384446092975bf7c278a9fe,
title = "Intergovernmental transfers and procyclical public spending",
abstract = "This paper tests the predictions that (i) sub-central government expenditures are procyclical and (ii) sub-central government expenditures are likely to be more procyclical than central government spending. The predictions are based on the importance of {\textquoteleft}voracity effects{\textquoteright} and on the proposition that they are systematically more pervasive if spending is financed by intergovernmental transfers. Evidence from 23 OECD countries between 1995 and 2006 indicates that sub-central government spending is more procyclical than central government expenditure.",
keywords = "Sub-central government spending, Intergovernmental transfers, Voracity effects, Business Cycles",
author = "Abbott, {Andrew James} and Philip Jones",
year = "2012",
month = jun,
day = "1",
doi = "10.1016/j.econlet.2011.12.104",
language = "English",
volume = "115",
pages = "447--451",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "3",

}

RIS

TY - JOUR

T1 - Intergovernmental transfers and procyclical public spending

AU - Abbott, Andrew James

AU - Jones, Philip

PY - 2012/6/1

Y1 - 2012/6/1

N2 - This paper tests the predictions that (i) sub-central government expenditures are procyclical and (ii) sub-central government expenditures are likely to be more procyclical than central government spending. The predictions are based on the importance of ‘voracity effects’ and on the proposition that they are systematically more pervasive if spending is financed by intergovernmental transfers. Evidence from 23 OECD countries between 1995 and 2006 indicates that sub-central government spending is more procyclical than central government expenditure.

AB - This paper tests the predictions that (i) sub-central government expenditures are procyclical and (ii) sub-central government expenditures are likely to be more procyclical than central government spending. The predictions are based on the importance of ‘voracity effects’ and on the proposition that they are systematically more pervasive if spending is financed by intergovernmental transfers. Evidence from 23 OECD countries between 1995 and 2006 indicates that sub-central government spending is more procyclical than central government expenditure.

KW - Sub-central government spending

KW - Intergovernmental transfers

KW - Voracity effects

KW - Business Cycles

U2 - 10.1016/j.econlet.2011.12.104

DO - 10.1016/j.econlet.2011.12.104

M3 - Journal article

VL - 115

SP - 447

EP - 451

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 3

ER -