Strategic use of expenditures to stay in oce

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: 심송보
• 간행물 정보: 『한국재정학회 학술대회 논문집』2015년도 경제학 공동학술대회, 1~28쪽, 전체 28쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2015.02.24

영문 초록

As the scal system becomes more transparent, recent literature has found greater prevalence of the manipulation of the composition of expenditures rather than of aggregate spending. However, the empir- ical analysis with the incumbents' heterogeneous preference about the composition has not been implemented. This paper is aimed at nd-ing empirical evidence for manipulation of composition and providing the theoretical explanation. It nds that incumbents would increase expenditures in their less-preferred categories when they face a neg-ative exogenous shock, which reduces their chance of winning. This phenomenon would be still explained when rational voters know the magnitude of exogenous shock.

목차

1 Introduction

2 Literature

3 Sample and variables

4 Specication

5 Results

6 Concluding Remarks

References

키워드

Voting Distortionary policies Political cycle.