Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - ‘Leaning against an open door’
T2 - ideology and the cyclicality of public expenditure
AU - Abbott, Andrew James
AU - Jones, Philip
PY - 2014/10/16
Y1 - 2014/10/16
N2 - 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’.
AB - 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’.
KW - Business Cycles
KW - Fiscal Policy
KW - Voracity Effects
KW - Political Ideology
U2 - 10.1016/j.jpolmod.2014.09.003
DO - 10.1016/j.jpolmod.2014.09.003
M3 - Journal article
VL - 36
SP - 957
EP - 969
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
SN - 0161-8938
IS - 6
ER -