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Democracy, Elections and Government Budget Deficits

机译:民主,选举和政府预算赤字

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摘要

I review research on the relationship between democracy and government indebtedness. I first discuss whether the extent to which politicians use fiscal policy for reelection purposes is conditioned by a country's experience with democracy. Political budget cycles are not confined to young democracies, but evidence suggests that in younger democracies such cycles are more likely and also stronger than in more mature democracies. Next, I discuss whether the use of fiscal policy by the incumbent increases his/her chances for reelection. Research discussed suggests that political parties in government benefit to some extent if fiscal policy turns expansionary before elections occur.
机译:我回顾了有关民主与政府债务之间关系的研究。我首先讨论政客为改选目的使用财政政策的程度是否取决于一国的民主经验。政治预算周期不仅限于年轻的民主国家,但有证据表明,与更成熟的民主国家相比,在年轻的民主国家,这样的周期更有可能而且也更强大。接下来,我讨论现任者使用财政政策是否会增加其连任的机会。讨论的研究表明,如果在选举发生之前财政政策转向扩张性,政府中的政党就会在某种程度上受益。

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