The cyclicality of education, health, and social security government spending
We use a panel of developed and emerging countries for the period 1970 to 2008 to assess the cyclicality of education, health and social security government spending. We mostly find acyclical behaviour, but evidence also points to counter-cyclicality for social security spending, particularly in OECD countries, consistent with the operation of automatic stabilizers.
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Volume (Year): 20 (2013)
Issue (Month): 7 (May)
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