Do political factors have any effect on fiscal policy and public spending in the post-communist Europe? We answer this question by using annual data for 15 Central and Eastern European democracies from 1992-2017. We look into several political variables: number of parties in the cabinet, partisan cycle (ideology), electoral cycle, and coalition type. We deploy fixed-effect estimates, showing that the peculiarities of a country explain a large part of the variance, thus validating the path dependency and incrementalism theses in public policy analysis. We find positive impact of the pre-electoral and electoral year on public spending, but no statistically significant support for other poitical determinats.
Keywords:
Public spending / budget deficit / political institutions / incrementalism in public policy / Eastern Europe / path dependency / public debt / prisoner's dilema
TY - JOUR
AU - Pavlović, Dušan
AU - Bešić, Miloš Lj.
PY - 2019
UR - http://rfpn.fpn.bg.ac.rs/handle/123456789/763
AB - Do political factors have any effect on fiscal policy and public spending in the post-communist Europe? We answer this question by using annual data for 15 Central and Eastern European democracies from 1992-2017. We look into several political variables: number of parties in the cabinet, partisan cycle (ideology), electoral cycle, and coalition type. We deploy fixed-effect estimates, showing that the peculiarities of a country explain a large part of the variance, thus validating the path dependency and incrementalism theses in public policy analysis. We find positive impact of the pre-electoral and electoral year on public spending, but no statistically significant support for other poitical determinats.
PB - Routledge Taylor & Francis Group
T2 - East European Politics
T1 - Political institutions and fiscal policy: evidence from post-communist Europe
EP - 237
IS - 2
SP - 220
VL - 35
DO - 10.1080/21599165.2019.1594786
ER -
@article{
author = "Pavlović, Dušan and Bešić, Miloš Lj.",
year = "2019",
abstract = "Do political factors have any effect on fiscal policy and public spending in the post-communist Europe? We answer this question by using annual data for 15 Central and Eastern European democracies from 1992-2017. We look into several political variables: number of parties in the cabinet, partisan cycle (ideology), electoral cycle, and coalition type. We deploy fixed-effect estimates, showing that the peculiarities of a country explain a large part of the variance, thus validating the path dependency and incrementalism theses in public policy analysis. We find positive impact of the pre-electoral and electoral year on public spending, but no statistically significant support for other poitical determinats.",
publisher = "Routledge Taylor & Francis Group",
journal = "East European Politics",
title = "Political institutions and fiscal policy: evidence from post-communist Europe",
pages = "237-220",
number = "2",
volume = "35",
doi = "10.1080/21599165.2019.1594786"
}
Pavlović, D.,& Bešić, M. Lj.. (2019). Political institutions and fiscal policy: evidence from post-communist Europe. in East European Politics
Routledge Taylor & Francis Group., 35(2), 220-237.
https://doi.org/10.1080/21599165.2019.1594786
Pavlović D, Bešić ML. Political institutions and fiscal policy: evidence from post-communist Europe. in East European Politics. 2019;35(2):220-237.
doi:10.1080/21599165.2019.1594786 .
Pavlović, Dušan, Bešić, Miloš Lj., "Political institutions and fiscal policy: evidence from post-communist Europe" in East European Politics, 35, no. 2 (2019):220-237,
https://doi.org/10.1080/21599165.2019.1594786 . .
