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DOLEŽALOVÁ, Jitka. Political cycle and fiscal policy in the countries of the European Union. Ekonomická revue. Ostrava: VŠB-Technická univerzita, 2013, vol. 16, No 2, p. 93-108. ISSN 1212-3951. doi:10.7327/cerei.2013.06.04.
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Basic information
Original name Political cycle and fiscal policy in the countries of the European Union
Name (in English) Political cycle and fiscal policy in the countries of the European Union
Authors DOLEŽALOVÁ, Jitka (203 Czech Republic, guarantor, belonging to the institution).
Edition Ekonomická revue, Ostrava, VŠB-Technická univerzita, 2013, 1212-3951.
Other information
Original language Czech
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/00216224:14560/13:00069168
Organization unit Faculty of Economics and Administration
Doi http://dx.doi.org/10.7327/cerei.2013.06.04
Keywords (in Czech) volby; fiskální politika; ideologie; politicko-rozpočtový cyklus; státní rozpočet
Keywords in English election; fiscal policy; ideology; political-budget cycle; state budget
Tags International impact, Reviewed
Changed by Changed by: Ing. Jitka Doležalová, Ph.D., učo 50356. Changed: 24. 3. 2014 09:50.
Abstract
The effort of politicians in power to form the decision of voters through expansive fiscal policy in pre-election period is still actual topic. This article aims to determine whether governments in the European Union countries initiate the political-budget cycle. We analyze 23 EU member states in the period 1995–2008. We pay attention to four institutional factors which can contribute to the creation of the political-budget cycle: length of democracy, type of parliamentary elections, term of elections and ideology. We found out that the political-budget cycle was present throughhout the European Union countries in this period. The factor of the length of democracy had small impact on statistical significance of results. However, ideology turned out to be the most important factor in our analysis. Current revenues were used as a tool of fiscal policy in the years of elections predominantly by ideologi-cally mixed governments. Left-wing governments used rather the expenditure side of the budget to win the favour of the electorate. The type of elections (regular or premature) became relevant only in specific cases and in com-bination with other institutional factors. Finally, especially the new EU member governments consider the spring or autumn term of election as a criterion co-determining their pre-election fiscal policy.
Abstract (in English)
The effort of politicians in power to form the decision of voters through expansive fiscal policy in pre-election period is still actual topic. This article aims to determine whether governments in the European Union countries initiate the political-budget cycle. We analyze 23 EU member states in the period 1995–2008. We pay attention to four institutional factors which can contribute to the creation of the political-budget cycle: length of democracy, type of parliamentary elections, term of elections and ideology. We found out that the political-budget cycle was present throughhout the European Union countries in this period. The factor of the length of democracy had small impact on statistical significance of results. However, ideology turned out to be the most important factor in our analysis. Current revenues were used as a tool of fiscal policy in the years of elections predominantly by ideologi-cally mixed governments. Left-wing governments used rather the expenditure side of the budget to win the favour of the electorate. The type of elections (regular or premature) became relevant only in specific cases and in com-bination with other institutional factors. Finally, especially the new EU member governments consider the spring or autumn term of election as a criterion co-determining their pre-election fiscal policy.
Links
MUNI/A/0799/2012, interní kód MUName: Hospodářská politika v ČR
Investor: Masaryk University, Category A
Displayed: 6. 10. 2022 18:00