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Budget Deficits and Coalition Governments

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Author Info
 Balassone, Fabrizio
Giordano, Raffaela

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Abstract

This paper shows that compromise between different ideological motivations within multiparty governments may result in a bias toward running budget deficits even if all parties in the coalition prefer balanced budgets. The deficit bias increases with the degree of "polarization" of the ideological motivations and generally decreases with the degree of concentration of power within the government. Although the analysis is conducted assuming a proportional representation electoral system, the results will also apply to majoritarian systems if the winning party comprises ideologically different constituencies. The relationship between budget deficits and multiparty governments is investigated using data from a sample of eight European Union countries for the period 1971-1990. Analysis on pooled data is partly in line with the theory. Time series within country analysis is less favorable: we find clear support to the theory only in the case of Italy. Copyright 2001 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 106 (2001)
Issue (Month): 3-4 (March)
Pages: 327-49
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Handle: RePEc:kap:pubcho:v:106:y:2001:i:3-4:p:327-49

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  1. John Ashworth & Benny Geys & Bruno Heyndels, 2005. "Government Weakness and Local Public Debt Development in Flemish Municipalities," International Tax and Public Finance, Springer, vol. 12(4), pages 395-422, August. [Downloadable!] (restricted)
  2. Hideaki Tanaka, 2005. "Fiscal Rules and Targets and Public Expenditure Management: Enthusiasm in the 1990s and its Aftermath," Finance Working Papers 613, East Asian Bureau of Economic Research. [Downloadable!]
  3. K. Terai, 2003. "Electoral alliance and implemented redistribution: an interpretation on non-competitive politics of Japan," Applied Economics Letters, Taylor and Francis Journals, vol. 10(4), pages 235-238, March. [Downloadable!] (restricted)
  4. Antoni Castells & Alejandro Esteller-Moré & Maite Vilalta, 2003. "Tax Capacity Disparities and Fiscal Equalization: The Case of Spanish Local Governments," Public Economics 0310006, EconWPA. [Downloadable!]
  5. Martin Gregor, 2005. "Committed to Deficit: The Reverse Side of Fiscal Governance," Working Papers IES 88, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2005. [Downloadable!]
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