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

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.

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Year of publication:	2011
Authors:	Abbott, Andrew ; Jones, Philip
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 111.2011, 3, p. 230-232
Publisher:	Elsevier
Keywords:	Business cycles Fiscal policy Voracity effects

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009218903