Economics and politics in the United States: A state-level investigation

Chun Ping Chang; Yoonbai Kim; Yung hsiang Ying

doi:10.1080/17487870903314633

Economics and politics in the United States: A state-level investigation

Chun Ping Chang
, Yoonbai Kim
, Yung hsiang Ying

Economics

Producción científica: Article › revisión exhaustiva

13 Citas (Scopus)

Resumen

We examine state income and government spending data to investigate the role of political parties and elections in state business cycles of the United States, and find strong support for the partisan political business cycles, both traditional and rational versions. The growth rate of per capita real income and government spending tend to be higher (lower) with a Democratic (Republican) governor as well as a Democratic (Republican) president. In case of economic growth, we find some evidence for opportunistic cycles induced by national level politics; meanwhile, both national and state governments seem to generate expansionary policy in election years.

Idioma original	English
Páginas (desde-hasta)	343-354
Número de páginas	12
Publicación	Journal of Economic Policy Reform
Volumen	12
N.º	4
DOI	https://doi.org/10.1080/17487870903314633
Estado	Published - 2009

Nota bibliográfica

Funding Information:
This paper is based on a chapter of Chun-Ping Chang’s PhD dissertation. Chun-Ping Chang is especially indebted to Professor Yoonbai Kim and Yung-hsiang Ying for their encouragement and advice. We would like to thank the editor, Professor Michael Connolly and anonymous reviewers for comments on the paper. The first author is also grateful to the National Science Council of Taiwan for financial support through grant NSC 97-2410-H-158-003. All remaining errors are our own.

Financiación

This paper is based on a chapter of Chun-Ping Chang’s PhD dissertation. Chun-Ping Chang is especially indebted to Professor Yoonbai Kim and Yung-hsiang Ying for their encouragement and advice. We would like to thank the editor, Professor Michael Connolly and anonymous reviewers for comments on the paper. The first author is also grateful to the National Science Council of Taiwan for financial support through grant NSC 97-2410-H-158-003. All remaining errors are our own.

Financiadores	Número del financiador
National Science Council	97-2410-H-158-003

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

Decent work and economic growth

ASJC Scopus subject areas

General Economics, Econometrics and Finance
Business and International Management

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10.1080/17487870903314633

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abstract = "We examine state income and government spending data to investigate the role of political parties and elections in state business cycles of the United States, and find strong support for the partisan political business cycles, both traditional and rational versions. The growth rate of per capita real income and government spending tend to be higher (lower) with a Democratic (Republican) governor as well as a Democratic (Republican) president. In case of economic growth, we find some evidence for opportunistic cycles induced by national level politics; meanwhile, both national and state governments seem to generate expansionary policy in election years.",

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AB - We examine state income and government spending data to investigate the role of political parties and elections in state business cycles of the United States, and find strong support for the partisan political business cycles, both traditional and rational versions. The growth rate of per capita real income and government spending tend to be higher (lower) with a Democratic (Republican) governor as well as a Democratic (Republican) president. In case of economic growth, we find some evidence for opportunistic cycles induced by national level politics; meanwhile, both national and state governments seem to generate expansionary policy in election years.

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Economics and politics in the United States: A state-level investigation

Resumen

Nota bibliográfica

Financiación

ODS de las Naciones Unidas

ASJC Scopus subject areas

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