Barberia, Lorena; Avelino, George - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2011)
We test for political budget cycles in a panel of eighteen Latin American democracies from 1973 to 2008. Recent studies have argued that the pattern of deficit cycles in a large cross-section of countries is driven by the experience of ``new democracies. As a large share of the countries that...