The Political Economy of Public Spending Decisions and Macroeconomic Performance

dc.authorscopusid 6507386221
dc.authorscopusid 6701474284
dc.contributor.author Ismihan,M.
dc.contributor.author Ozkan,F.G.
dc.contributor.other Department of Business
dc.date.accessioned 2024-10-06T11:14:20Z
dc.date.available 2024-10-06T11:14:20Z
dc.date.issued 2011
dc.department Atılım University en_US
dc.department-temp Ismihan M., Department of Economics, Atilim University, Incek, 06836, Ankara, Turkey; Ozkan F.G., Department of Economics and Related Studies, University of York, Heslington, York, YO10 5DD, United Kingdom en_US
dc.description.abstract This paper provides a political-economy analysis of the dynamics of public spending decisions. We propose a simple dynamic model of macroeconomic policymaking that explicitly incorporates the policymaker's strategic decision regarding the composition of public expenditure. By utilizing this framework, we show that policymakers' choice for one type of spending over the other plays a key role in determining the effects of fiscal policy on macroeconomic performance. Furthermore, our analysis suggests that the scale of corruption in an economy is likely to be associated with lower quality public investment and, as a result, with an inferior macroeconomic outcome. © International Economic Society. en_US
dc.identifier.citationcount 3
dc.identifier.endpage 174 en_US
dc.identifier.issn 1307-1637
dc.identifier.issue 2 en_US
dc.identifier.scopus 2-s2.0-84886855438
dc.identifier.startpage 163 en_US
dc.identifier.uri https://hdl.handle.net/20.500.14411/9262
dc.identifier.volume 5 en_US
dc.institutionauthor İsmihan, Mustafa
dc.language.iso en en_US
dc.relation.ispartof International Journal of Economic Perspectives en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 3
dc.subject Corruption en_US
dc.subject Macroeconomic performance en_US
dc.subject Public consumption en_US
dc.subject Public investment en_US
dc.title The Political Economy of Public Spending Decisions and Macroeconomic Performance en_US
dc.type Article en_US
dspace.entity.type Publication
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