Procyclical government spending: patterns of pressure and prudence in the OECD

Abbott, Andrew; Jones, Philip

Abstract

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 be procyclical for the larger spending categories.

Citation

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

• Journal Article Type: Article
• Publication Date: 2011-06
• Deposit Date: Nov 13, 2014
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Not Peer Reviewed
• Volume: 111
• Issue: 3
• Pages: 230-232
• DOI: https://doi.org/10.1016/j.econlet.2011.02.009
• Keywords: Business cycles, Fiscal policy, Voracity effects,
• Public URL: https://hull-repository.worktribe.com/output/465610
• Contract Date: Nov 13, 2014