Economics and politics in the United States: a state-level investigation
AbstractWe examine state income and government spending data to investigate the role of political parties and elections in state business cycles of the United States, and find strong support for the partisan political business cycles, both traditional and rational versions. The growth rate of per capita real income and government spending tend to be higher (lower) with a Democratic (Republican) governor as well as a Democratic (Republican) president. In case of economic growth, we find some evidence for opportunistic cycles induced by national level politics; meanwhile, both national and state governments seem to generate expansionary policy in election years.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Journal of Economic Policy Reform.
Volume (Year): 12 (2009)
Issue (Month): 4 ()
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Web page: http://taylorandfrancis.metapress.com/link.asp?id=300262
Other versions of this item:
- Chun-Ping Chang & Yoonbai Kim & Yung-hsiang Ying, 2009. "Economics and politics in the United States: a state-level investigation," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 12(4), pages 343-354.
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- Christian Bjørnskov & Niklas Potrafke, 2013.
"The Size and Scope of Government in the US States: Does Party Ideology Matter?,"
CESifo Working Paper Series
4246, CESifo Group Munich.
- Christian Bjørnskov & Niklas Potrafke, 2013. "The size and scope of government in the US states: does party ideology matter?," International Tax and Public Finance, Springer, vol. 20(4), pages 687-714, August.
- Christian Bjørnskov & Niklas Potrafke, 2013. "The size and scope of government in the US states:Does party ideology matter?," Ifo Working Paper Series Ifo Working Paper No. 162, Ifo Institute for Economic Research at the University of Munich.
- Christian Bj�rnskov & Niklas Potrafke, 2012.
"Political Ideology and Economic Freedom Across Canadian Provinces,"
Eastern Economic Journal,
Palgrave Macmillan, vol. 38(2), pages 143-166.
- Christian Bjørnskov & Niklas Potrafke, 2009. "Political ideology and economic freedom across Canadian provinces," Working Papers CEB 09-054.RS, ULB -- Universite Libre de Bruxelles.
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