Budget deficits and social protection: Cyclical government expenditure in the OECD

Andrew Abbott; Philip Jones

doi:10.1016/j.econlet.2012.07.011

Budget deficits and social protection: Cyclical government expenditure in the OECD

Andrew Abbott, Philip Jones

Department of Economics

Research output: Contribution to journal › Article › peer-review

6 Citations (SciVal)

Abstract

Countercyclical government spending offers social protection to the vulnerable when economies move into recession. This paper questions the extent to which governments are able to spend countercyclically and the extent to which social expenditures are likely to be countercyclical. An analysis of public spending in OECD countries (1980–2005) suggests countercyclical social protection is constrained by the limits to public borrowing and the degree of political polarization.

Original language	English
Pages (from-to)	909-911
Number of pages	3
Journal	Economics Letters
Volume	117
Issue number	3
Early online date	30 Jun 2012
DOIs	https://doi.org/10.1016/j.econlet.2012.07.011
Publication status	Published - Dec 2012

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10.1016/j.econlet.2012.07.011

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abstract = "Countercyclical government spending offers social protection to the vulnerable when economies move into recession. This paper questions the extent to which governments are able to spend countercyclically and the extent to which social expenditures are likely to be countercyclical. An analysis of public spending in OECD countries (1980–2005) suggests countercyclical social protection is constrained by the limits to public borrowing and the degree of political polarization.",

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Budget deficits and social protection: Cyclical government expenditure in the OECD

Abstract

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