Political Business Cycles in Taiwan Local Fiscal Budget: An Estimation and Comparison between Fixed Effect and Random Effect Models

Volume: 

10

Number: 

2

Published date: 

December, 2006

Authors: 

Ding-Ming Wang
Fu-Yao Chan

Abstract: 

The incumbents in a democracy tend to manipulate the economy by adopting expansionary fiscal policy to stimulate short-run expansion during electoral periods. By doing so, the macroeconomic performanceaffected by the election and it is so called the polit

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