University of Hull logo

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

Abbott, Andrew; Jones, Philip

Authors

Philip Jones

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’.

Journal Article Type Article
Publication Date 2014-11
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
Publisher URL http://www.sciencedirect.com/science/article/pii/S0161893814000878
Copyright Statement ©2014 University of Hull
Additional Information Authors' accepted manuscript of article published in: Journal of policy modeling, 2014, v.36 issue 6.

Files


Downloadable Citations