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

Andrew Abbott, Philip Jones

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

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 languageEnglish
Pages (from-to)909-911
Number of pages3
JournalEconomics Letters
Volume117
Issue number3
Early online date30 Jun 2012
DOIs
Publication statusPublished - Dec 2012

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