Political Business Cycles and Fiscal Policies in Developing Countries
研究了35个发展中国家选举前后的财政政策，发现政府会通过扩张性财政政策提高连任机会，选举前赤字上升、选举后紧缩，尤其在贸易依赖度低的国家更明显。
This paper empirically studies fiscal policies around elections in thirty-five developing countries. It finds that governments try to improve their reelection prospects with the help of expansionary fiscal policies. Rising fiscal deficits before elections are followed by fiscal consolidation afterwards. These cycles can be found particularly in countries which are less trade oriented. Certain IMF-supported programs contribute to fiscal stabilization. Copyright 1996 by WWZ and Helbing & Lichtenhahn Verlag AG