Procyclical government spending: patterns of pressure and prudence in the OECD
(2011)
Journal Article
Abbott, A., & Jones, P. (2011). Procyclical government spending: patterns of pressure and prudence in the OECD. Economics letters, 111(3), 230-232. https://doi.org/10.1016/j.econlet.2011.02.009
This paper tests for differences in the cyclicality of government spending across functional categories. Evidence from 20 OECD countries suggests that procyclicality is more likely in smaller functional budgets, but capital spending is more likely to... Read More about Procyclical government spending: patterns of pressure and prudence in the OECD.