kako citirati ovaj članak
podeli ovaj članak


  • citati u SCIndeksu: [1]
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:1
  • preuzimanja u poslednjih 30 dana:0


članak: 2 od 2  
Back povratak na rezultate
2008, vol. 55, br. 2, str. 185-218
Electoral rules, forms of government, and political budget cycles in transition countries
(naslov ne postoji na srpskom)
Peterson Institute for International Economics, Washington, SAD

Ključne reči: political budget cycles; transition countries; electoral rules; forms of government; checks and balances
(ne postoji na srpskom)
Recent studies have suggested the existence of 'election-year economics' in fiscal policy in transition countries. This study asks whether such electoral cycles in aggregate measures (overall expenditures, revenues and balance) and spending composition (broad vs. targeted outlays) differ among countries with different political systems. This question is motivated by a sharp division between majoritarian presidential systems in Central Asia and Eastern Europe, and proportional-parliamentary systems in the Baltic's, Central and Southeastern Europe. Further, in the absence of context-sensitive theories, the paper asks whether observed outcomes in the transition process conform to the theoretical priors developed for conditions in stable democracies. Finally, the paper attempts to normatively establish whether either of the alternative combinations yields more optimal policy outcomes. The results suggest that the differences indeed exist, primarily on the revenue side and in the composition of expenditures. These results differ markedly from those for stable democracies, especially in the case of composition of spending. Normatively, presidential yields sub optimal outcomes in comparison to parliamentarians, likely due to inefficient system of constitutionally intended checks and balances.
Abed, G., Davoodi, H. (2000) Corruption, structural reforms, and economic performance in the transition economies. IMF Working Paper, Washington DC, 132
Acemoglu, D. (2005) Constitutions, politics and economics: A review essay on person and tapeline's the economic effects of constitutions. Journal of Economic Literature, 43(4), 1025-1048
Akhmedov, A., Zhurvskaya, E. (2004) Opportunistic political cycles: A test in a young democracy setting. Quarterly Journal of Economics, 119(4), 1301-1338
Alessina, A., Roubini, N., Cohen, G.D. (1997) Political cycles and the macroeconomy. Cambridge, MA, itd: Massachusetts Institute of Technology Press / MIT Press
Alt, J.E., Lassen, D.D. (2005) The political budget cycle is where you can't see it: Transparency and fiscal manipulation. EPRU Working Paper Series, 05-03
Arellano, M., Bond, S. (1991) Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, 277-297
Armingeon, K., Careja, R. (2004) Comparative data set for 28 post-communist countries, 1989-2004. Berne: Institute of Political Science
Austen-Smith, D. (2000) Redistributing under proportional representation. Journal of Political Economy, 108(6), 1235-1269
Baldez, L., Carey, J.M. (2001) Budget procedure and fiscal restraint in post transition Chile. u: Haggard S., Mccubbins Mathew D. [ur.] Presidents, Parliaments, and Policy, Cambridge: Cambridge University Press
Beck, T., Clarke, G., Groff, A., Keefer, P., Walsh, P. (2001) New tools in comparative political economy: The database of political institutions. World Bank Economic Review, 15 (I), 165-176
Benecki, R., Holscher, J., Jarmuzek, M. (2006) Fiscal transparency and policy rules in Poland: Studies and analysis case 327. Warsaw: Center for Social and Economic Research, May
Berglund, S., Ekman, J., Aarebrot, F.H. (2004) The handbook of political change in Eastern Europe. Cheltenham: Edward Elgar
Besley, T., Case, A. (2003) Political institutions and policy choices: Evidence from US. Journal of Economic Literature, 41(1), 7-73
Brender, A., Drazen, A. (2005) Political budget cycles in new versus established democracies. Journal of Monetary Economics, 52(7), 1271-1295
Case, A. (2001) Election goals and income distribution: Recent evidence from Albania. European Economic Review, 45, 405-423
Cox, G.W., Mccubbins, M.D. (2001) The institutional determinants of economic outcomes. u: Haggard S., Mccubbins Mathew D. [ur.] Presidents, Parliaments, and Policy, Cambridge: Cambridge University Press
Drazen, A., Eslava, M. (2006) Electoral manipulation via voter-friendly spending: Theory and evidence. University of Maryland, Manuscript
Drazen, A. (2000) Political economy in macroeconomics. New Jersey: Princeton University Press
Eslava, M. (2005) Political budget cycles or voters as fiscal conservatives?: Evidence from Columbia. Universidad de Los Andes, Manuscript
Gleich, H. (2003) Budget institutions and fiscal performance in central and eastern European countries. European Central Bank Working Paper Series, 215
Gonzales, M.D.L.A. (2002) Do changes in democracy affect the political budget cycle?: Evidence from Mexico. Review of Developmental Economics, 6(2), 204-224
Haggard, S., Mccubbins, M.D. (2001) Presidents, parliaments, and policy. Cambridge: Cambridge University Press
Hallerberg, M., de Souza, V.L., Clark, W.R. (2002) Political business cycles in EU accession countries. European Union Politics, 3(2), 231-250
Judson, R.A., Owen, A.L. (1999) Estimating dynamic panel data models: A guide for macroeconomists. Economics Letters, 65, 9-15
Klasnja, M. (2007) Political budget cycles in transition countries. American University, Manuscript
Kontopolous, Y., Perotti, R. (1999) Government fragmentation and fiscal policy outcomes: Evidence from the OECD countries. u: Poterba J., von Hagen J. [ur.] Fiscal Institutions and Fiscal Performance, Chicago: University of Chicago Press, pp. 81-102
Kunicova, J. (2001) Are presidential systems more susceptible to political corruption?. Yale University, Manuscript
Kunicova, J., Rose-Ackerman, S. (2005) Electoral rules and constitutional structures as constraints on corruption. British Journal of Political Science, 35, 573-606
Lizzeri, A., Persico, N. (2001) The provision of public goods under alternative electoral incentives. American Economic Review, 91(1), 225-239
Milesi-Ferretti, G.M., Perotti, R., Rostagno, M. (2002) Electoral rules and public spending. Quarterly Journal of Economics, 117(2), 609-657
Nickell, S. (1981) Biases in dynamic models with fixed effects. Econometrica, 49(6), 1417-1426
Persson, T., Tabellini, G. (2000) Political economics: Explaining economic policy. Cambridge: MIT Press
Persson, T., Tabellini, G. (2003) The economic effects of constitutions. Cambridge: MIT Press
Persson, T., Tabellini, G. (2004) Constitutional rules and fiscal policy outcomes. American Economic Review, 94(1), 25-45
Persson, T., Tabellini, G., Trebbi, F. (2003) Electoral rules and corruption. Journal of the European Economic Association, 1(4), 958-989
Persson, T., Roland, G., Tabellini, G. (1999) The size and the scope of government: Comparative politics with rational politicians. European Economic Review, 91, 225-39
Persson, T., Tabellini, G. (2002) Comparative politics and public finance. Journal of Political Economy, 108, p. 1121-1141
Roodman, D. (2003) XTABOND2: Stata module to extend Xtabond dynamic panel data estimator: Statistical software components s435901. Boston college, Department of Economics, revised 10 Feb 2008
Saporiti, A.D., Streb, J.M. (2004) Separation of powers and political budget cycles. University of London, Manuscript
Shi, M., Svensson, J. (2002) Political budget cycles in developed and developing economies. Nordic Journal of Political Economy, 29, 67-76
Shi, M., Svensson, J. (2006) Political budget cycles: Do they differ across countries and why?. Journal of Public Economics, 90, 1367-1398
Shugart, S.M., Carey, J.M. (1992) Presidents and assemblies: Constitutional design and electoral dynamics. Cambridge, itd: Cambridge University Press / CUP
Shugart, S.M., Stephan, H. (2001) Institutions and public policy in presidential systems. u: McCubbins Mathew D. i Stephan Haggard [ur.] Structure and policy in presidential democracies, Cambridge, itd: Cambridge University Press / CUP
Streb, J.M., Lema, D., Torrens, G. (2005) Discretional political budget cycles and separation of powers. CEMA Working Papers: Serie Documentos de Trabajo, 286, Universidad del CEMA
Verstyuk, S. (2004) Electoral cycles in Ukraine. Economics Education and Research Consortium - Russia, Final Report, February
Wooldridge, J.M. (2001) Econometric analysis of cross section and panel data. Cambridge, Mass: MIT Press

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.2298/PAN0802185K
objavljen u SCIndeksu: 20.10.2008.