Article

Revisiting Political Budget Cycles in Latin America

Sebastián Nieto-Parra and Javier Santiso

in The Oxford Handbook of Latin American Political Economy

Published in print May 2012 | ISBN: 9780199747504
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199747504.013.0021

Series: Oxford Handbooks

 Revisiting Political Budget Cycles in Latin America

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  • Macroeconomics and Monetary Economics
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This article revisits the impact of elections on fiscal policy in Latin American countries and poses the following questions: To what extent do Latin American governments expand fiscal expenditures around elections to attract voters? And especially significantly in the current political context, do different types of electoral systems have different kinds of impact on fiscal policies around elections? Behind these questions, of course, lies a basic issue: fiscal responsibility during elections. The article is organized as follows. Section 2 provides a review of the literature on the impact of elections on fiscal policy. Section 3 presents the most important facts and analyzes the results of the econometric model gauging the impact of elections on fiscal policy. Finally, Section 4 outlines the major policy implications of this research.

Keywords: fiscal policy; elections; public spending; public expenditure

Article.  9599 words. 

Subjects: Economics ; Macroeconomics and Monetary Economics ; Public Economics

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