Klomp, Jeroen; Haan, Jakob - In: Public Choice 157 (2013) 1, pp. 245-267
This paper addresses two empirical questions. Is fiscal policy affected by upcoming elections? If so, do election-motivated fiscal policies enhance the probability of re-election of the incumbent? Employing data for 65 democratic countries over 1975–2005 in a semi-pooled panel model, we find...