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Procyclical state spending in the USA: the impact of political ideology

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Procyclical state spending in the USA: the impact of political ideology. / Abbott, Andrew James; Jones, Philip.
In: Public Finance and Management, Vol. 12, No. 3, 01.06.2012, p. 261-280.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Abbott, AJ & Jones, P 2012, 'Procyclical state spending in the USA: the impact of political ideology', Public Finance and Management, vol. 12, no. 3, pp. 261-280. <https://spaef.org/article/1383/Procyclical-State-Spending-in-the-USA:-The-Impact-of-Political-Ideology>

APA

Abbott, A. J., & Jones, P. (2012). Procyclical state spending in the USA: the impact of political ideology. Public Finance and Management, 12(3), 261-280. https://spaef.org/article/1383/Procyclical-State-Spending-in-the-USA:-The-Impact-of-Political-Ideology

Vancouver

Abbott AJ, Jones P. Procyclical state spending in the USA: the impact of political ideology. Public Finance and Management. 2012 Jun 1;12(3):261-280.

Author

Abbott, Andrew James ; Jones, Philip. / Procyclical state spending in the USA : the impact of political ideology. In: Public Finance and Management. 2012 ; Vol. 12, No. 3. pp. 261-280.

Bibtex

@article{a90ec46baf5a4691bdc39f4141012c8f,
title = "Procyclical state spending in the USA: the impact of political ideology",
abstract = "Fiscal policy is procyclical when government expenditures and tax revenues increase during periods of economic growth and decrease during periods of economic slowdown. This paper estimates sub-central government spending and revenue cyclicality in the USA. The panel dataset comprises observations for 51 states from 1963 to 2006. The paper considers why some sub-central governments are more likely to spend procyclically. The first hypothesis is that differences in cyclicality across the states of the USA reflect differences in voters' political ideologies. The second is that differences in cyclicality reflect differences in political networks. States are more likely to spend procyclically if the state governor is a Democrat. Ideology is relevant but the likelihood of procyclical spending is even higher if there is a coincidence between a Democratic state governor and Democratic president.",
keywords = "Cyclicality, State Spending, USA",
author = "Abbott, {Andrew James} and Philip Jones",
year = "2012",
month = jun,
day = "1",
language = "English",
volume = "12",
pages = "261--280",
journal = "Public Finance and Management",
number = "3",

}

RIS

TY - JOUR

T1 - Procyclical state spending in the USA

T2 - the impact of political ideology

AU - Abbott, Andrew James

AU - Jones, Philip

PY - 2012/6/1

Y1 - 2012/6/1

N2 - Fiscal policy is procyclical when government expenditures and tax revenues increase during periods of economic growth and decrease during periods of economic slowdown. This paper estimates sub-central government spending and revenue cyclicality in the USA. The panel dataset comprises observations for 51 states from 1963 to 2006. The paper considers why some sub-central governments are more likely to spend procyclically. The first hypothesis is that differences in cyclicality across the states of the USA reflect differences in voters' political ideologies. The second is that differences in cyclicality reflect differences in political networks. States are more likely to spend procyclically if the state governor is a Democrat. Ideology is relevant but the likelihood of procyclical spending is even higher if there is a coincidence between a Democratic state governor and Democratic president.

AB - Fiscal policy is procyclical when government expenditures and tax revenues increase during periods of economic growth and decrease during periods of economic slowdown. This paper estimates sub-central government spending and revenue cyclicality in the USA. The panel dataset comprises observations for 51 states from 1963 to 2006. The paper considers why some sub-central governments are more likely to spend procyclically. The first hypothesis is that differences in cyclicality across the states of the USA reflect differences in voters' political ideologies. The second is that differences in cyclicality reflect differences in political networks. States are more likely to spend procyclically if the state governor is a Democrat. Ideology is relevant but the likelihood of procyclical spending is even higher if there is a coincidence between a Democratic state governor and Democratic president.

KW - Cyclicality

KW - State Spending

KW - USA

M3 - Journal article

VL - 12

SP - 261

EP - 280

JO - Public Finance and Management

JF - Public Finance and Management

IS - 3

ER -