Political Business Cycles and Expenditure Policies in Developing Countries

Political Business Cycles and Expenditure Policies in Developing Countries
The paper studies empirically fiscal policies around elections in 35 developing countries. It finds that governments try to improve their reelection prospects with the help of expansionary expenditure policies. Rising fiscal deficits before elections are followed by fiscal consolidation afterwards. These cycles can be found particularly in... READ MORE...

Publication date: October 1994
ISBN 9781451854312
$15.00

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