The political budget cycle (PBC) literature argues that governments expand deficits in election years. However, what …

to national parliamentary elections. This effect is more pronounced for visible and labor-intensive projects and can be … interpreted as a "credible election promise", as the budget for the project is only committed at the time of the award and not …

elections, perhaps as a result of politically motivated employment schemes. (2) Inflation tends to be lower in pre-election …This paper studies whether in Pakistan the dynamic behaviour of unemployment, inflation, budget deficit and real GDP … growth is systematically affected by the timing of elections. We cover the period from 1973-2009. Our results can be …

results of the system GMM revealed that the fiscal deficit is significantly large in election years and the deficit spending … spills into the year after the election, though not as high as in the election year. We could not, however, find a … significant effect in the pre-election year. In addition, we found evidence suggesting that though democracy significantly lowers …

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … uncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscal policies, and that this lowers …