文章基本信息

标题：The effect of political institutions on the size of government spending in European Union member states and Croatia
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作者：Vučković, Valentina ; Basarac Sertić, Martina
期刊名称：Financial Theory and Practice
印刷版ISSN：1846-887x
电子版ISSN：1845-9757
出版年度：2013
卷号：37
期号：2
页码：161-179
DOI：10.3326/fintp.37.2.2
出版社：Institute Of Public Finance
摘要：This paper presents an overview of theoretical and empirical research on the interaction between political institutions and economic variables. Using the dynamic panel model, the paper also investigates the indirect effects of electoral systems on the size of general government spending. The analysis is performed on a panel dataset of 26 countries (25 member states of the European Union and Croatia) for the period between 1995 and 2010. The results show that government fragmentation and political stability affect the dynamics of budgetary expenditures in line with theoretical assumptions. Regarding the implications of this research for Croatia, it has been shown that a higher degree of government fragmentation leads to an increase in government spending which is a significant result since Croatia has generally had some form of coalition government.
关键词：political institutions; fiscal policy; electoral systems; government fragmentation; political competition; political stability