Procyclical government spending: a public choice analysis
(2013)
Journal Article
Abbott, A., & Jones, P. (2013). Procyclical government spending: a public choice analysis. Public Choice, 154(3-4), 243-258. https://doi.org/10.1007/s11127-011-9816-9
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 effec... Read More about Procyclical government spending: a public choice analysis.