Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10009721469
Persistent link: https://www.econbiz.de/10011460205
Persistent link: https://www.econbiz.de/10010487636
Persistent link: https://www.econbiz.de/10012888681
Persistent link: https://www.econbiz.de/10012432308
Government expenditures are procyclical if they increase in periods of economic growth and decrease in periods of economic downturn. This paper tests the proposition that (within federations) political pressures for public expenditure increase the likelihood that expenditures and...
Persistent link: https://www.econbiz.de/10011209604
Procyclical government spending occurs when government expenditures increase at a faster rate than income in an economic upturn but fall at a faster rate in a recession. Voracity effects occur when competition for increased spending proves more effective as national income increases. Public...
Persistent link: https://www.econbiz.de/10010863699
Countercyclical government spending offers social protection to the vulnerable when economies move into recession. This paper questions the extent to which governments are able to spend countercyclically and the extent to which social expenditures are likely to be countercyclical. An analysis of...
Persistent link: https://www.econbiz.de/10010594130
This paper tests the predictions that (i) sub-central government expenditures are procyclical and (ii) sub-central government expenditures are likely to be more procyclical than central government spending. The predictions are based on the importance of ‘voracity effects’ and on the...
Persistent link: https://www.econbiz.de/10010576426
When is government expenditure likely to be procyclical? While economists tend to anticipate counter-cyclical expenditure, recent studies report procyclical expenditure. This paper explores the impact of political ideology on the cyclicality of government expenditure. Predictions are tested with...
Persistent link: https://www.econbiz.de/10011117260