'Leaning against an open door' : ideology and the cyclicality of public expenditure

Abbott, Andrew; Jones, Philip

Abstract

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 reference to government expenditure in the USA between 1950 and 2008. The likelihood of procyclical expenditure increases if groups that press for increased public expenditure are ‘... leaning against an open door’.

Citation

Abbott, A., & Jones, P. (2014). 'Leaning against an open door' : ideology and the cyclicality of public expenditure. Journal of policy modeling, 36(6), 957-969. https://doi.org/10.1016/j.jpolmod.2014.09.003

• Journal Article Type: Article
• Acceptance Date: Sep 4, 2014
• Online Publication Date: Oct 16, 2014
• Publication Date: 2014-11
• Deposit Date: Oct 29, 2015
• Publicly Available Date: Nov 23, 2017
• Journal: Journal of policy modeling
• Print ISSN: 0161-8938
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 36
• Issue: 6
• Pages: 957-969
• DOI: https://doi.org/10.1016/j.jpolmod.2014.09.003
• Keywords: Business cycles; Fiscal policy; Voracity effects; Political ideology
• Public URL: https://hull-repository.worktribe.com/output/380566
• Publisher URL: http://www.sciencedirect.com/science/article/pii/S0161893814000878
• Additional Information: Authors' accepted manuscript of article published in: Journal of policy modeling, 2014, v.36 issue 6.
• Contract Date: Nov 23, 2017