Procyclical government spending: Patterns of pressure and prudence in the OECD

Reference:

Abbott, A. and Jones, P., 2011. Procyclical government spending: Patterns of pressure and prudence in the OECD. Economics Letters, 111 (3), pp. 230-232.

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Official URL:

http://dx.doi.org/10.1016/j.econlet.2011.02.009

Abstract

This paper tests for differences in the cyclicality of government spending across functional categories. Evidence from 20 OECD countries suggests that procyclicality is more likely in smaller functional budgets, but capital spending is more likely to be previous termprocyclicalnext term for the larger spending categories

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