Click here for search results
Political budget cycles and the organization of political parties, Volume 1
 
Author:Hanusch, Marek; Keefer, Philip; Country:World;
Date Stored:2013/10/15Document Date:2013/10/01
Document Type:Policy Research Working PaperSubTopics:Civic Participation and Corporate Governance; Political Systems and Analysis; Public Sector Expenditure Policy; Consumption; Politics and Government
Language:EnglishMajor Sector:Education
Rel. Proj ID:1W-Governance & Political Economy Research -- -- P060358;Region:The World Region
Report Number:WPS6654Sub Sectors:Primary education
Collection Title:Policy Research working paper ; no. WPS 6654TF No/Name:TF015098-KCP II - Worldwide Governance Indicators 2014-15; TF095226-PHRD staff grant support for Junko Sekine; TF097855-KCP II - Worldwide Governance Indicators; BBRSB-BB RESEARCH SUPPORT BUDGET; TF091229-THE GROWTH EFFECTS OF PUBLIC INVESTMENTS; TF098334-The Development Effects of Public Sector Management Reform; TF098079-PHRD STAFF GRANT SUPPORT FOR JUNKO SEKINE; TF098332-W3-Accountability; TF039976-WORLD - INSTIT'NS TO MITIGATE FINAN. CRISIS. SOC. TENSION
Volume No:1  

Summary: This paper introduces a new explanation for political budget cycles: politicians have stronger incentives to increase spending around elections in the presence of younger political parties. Previous research has shown that political budget cycles are larger when voters are uninformed about politician characteristics and when politicians are less credible. The effects of party age can be traced to organizational differences between younger and older parties that also affect voter information and politician credibility. Parties organized around particular individuals, rather than around policy labels or a party machine, are less likely to survive the departure of party leaders, to adopt organizational attributes that promote voter information and political credibility, and to limit political budget cycles. Previous research has also shown larger political budget cycles in younger democracies. Evidence presented here indicates that party age accounts for this effect.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 44 pagesOfficial version*3.08 (approx.)
TextText version**
How To Order

See documents related to this project
* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/USIZUKGQ10