Journal ArticleDOI
Political budget cycles: Do they differ across countries and why?
TLDR
In this article, the authors examined the relation between elections and fiscal policy and found evidence of political budget cycles: on average, government fiscal deficit increases by almost 1% of GDP in election years.About:
This article is published in Journal of Public Economics.The article was published on 2006-09-01. It has received 801 citations till now. The article focuses on the topics: Fiscal policy.read more
Citations
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Journal ArticleDOI
Electoral manipulation via voter-friendly spending: Theory and evidence
TL;DR: In this paper, the authors present a model of the political budget cycle in which incumbents try to influence voters by changing the composition of government spending, rather than overall spending or revenues.
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How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries
Adi Brender,Allan Drazen +1 more
TL;DR: The authors found no evidence that deficits help reelection in any group of countries - developed and less developed, new and old democracies, countries with different government or electoral systems, and countries with varying levels of democracy.
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Electoral Accountability: Recent Theoretical and Empirical Work
TL;DR: The authors surveys both this body of theory and the robust empirical literature it has spawned, concluding with a short discussion of ongoing work that attempts to integrate this theoretical perspective with a richer view of policy-making institutions.
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Fixing Market Failures or Fixing Elections? Agricultural Credit in India
TL;DR: The authors found that government-owned bank lending in India follows the electoral cycle, with agricultural credit increasing by 5-10 percentage points in an election year and significant cross-sectional targeting, with large increases in districts in which the election was particularly close.
Journal ArticleDOI
Distributive Politics Around the World
Miriam A. Golden,Brian Min +1 more
TL;DR: More than 150 studies of distributive politics in more than three dozen countries other than the United States can be found in this paper, with a focus on the redistributive consequences of government policy and inve...
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more
TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.
Journal ArticleDOI
Institutions and economic performance: cross‐country tests using alternative institutional measures
Stephen Knack,Philip Keefer +1 more
TL;DR: The authors compared more direct measures of the institutional environment with both the instability proxies used by Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment.