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Procyclical government spending: patterns of pressure and prudence in the OECD

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>18/02/2011
<mark>Journal</mark>Economics Letters
Issue number3
Volume111
Number of pages3
Pages (from-to)230-232
Publication statusPublished
Original languageEnglish

Abstract

This paper tests for differences in the cyclicality of government spending across functional categories. Evidence from 20 OECD countries suggests that procyclicality is more likely in smaller functional budgets, but capital spending is more likely to be procyclical for the larger spending categories.