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Political Business Cycles in Open Economies in 28 Developing Countries From Latin America, Asia, and Africa, 1976-2002 [electronic resource]

Michael G. Hall
Format
Computer Resource; Online
Published
Ann Arbor, Mich. Inter-university Consortium for Political and Social Research [distributor] 2010
Edition
2010-10-06
Language
English
Series
ICPSR
ICPSR (Series)
Access Restriction
AVAILABLE. This study is freely available to ICPSR member institutions.
Abstract
This study looked at whether opportunistic and partisan business cycles influence fiscal policy in 28 developing countries when controlling for de facto exchange rate regimes and capital mobility. Several issues were investigated: 1) opportunistic business cycles, whether elections cause the governments budget balance (taxes minus spending) to experience fiscal expansion (lower taxes and higher spending) in order to stimulate the economy; 2) partisan business cycles, whether left-wing parties engage in more fiscal expansion; 3) whether growing capital mobility (the ability of financial capital to move across borders) will encourage or inhibit a government's ability to engage in fiscal expansion with an impending election or left-wing party; and 4) whether the exchange rate regime (the rules for determining the exchange rate) is a mitigating factor.
Series Statement
ICPSR 27581
ICPSR (Series) 27581
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