Political Consensus and Fiscal Outcomes

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Political Consensus and Fiscal Outcomes. / Houlberg, Kurt; Pedersen, Lene Holm.

In: Local Government Studies, Vol. 41, No. 1, 01.01.2015, p. 78-99.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Houlberg, K & Pedersen, LH 2015, 'Political Consensus and Fiscal Outcomes', Local Government Studies, vol. 41, no. 1, pp. 78-99. https://doi.org/10.1080/03003930.2014.908770

APA

Houlberg, K., & Pedersen, L. H. (2015). Political Consensus and Fiscal Outcomes. Local Government Studies, 41(1), 78-99. https://doi.org/10.1080/03003930.2014.908770

Vancouver

Houlberg K, Pedersen LH. Political Consensus and Fiscal Outcomes. Local Government Studies. 2015 Jan 1;41(1):78-99. https://doi.org/10.1080/03003930.2014.908770

Author

Houlberg, Kurt ; Pedersen, Lene Holm. / Political Consensus and Fiscal Outcomes. In: Local Government Studies. 2015 ; Vol. 41, No. 1. pp. 78-99.

Bibtex

@article{584078c5fe454cd0b0b7da0494fd8ee2,
title = "Political Consensus and Fiscal Outcomes",
abstract = "Abstract: It is becoming difficult to maintain consensus in a period of economic austerity, and this possibly challenges the ability of democratic institutions to take decisions on tough economic questions. In order to find out how political consensus influences fiscal outcomes, this article sets out to analyse the association between political consensus and public expenditure growth. The results show that political consensus is positively associated with both budgeted and actual expenditure growth, but also negatively associated with budget overruns. This indicates that political consensus comes at a cost, while at the same time politicians may be better at sticking to budgets if political consensus exists. The analysis is based on a pooled regression analysis of the local governments in Denmark in the years 2008 and 2009 using a data set combining survey data with administrative data on the local governments.",
keywords = "expenditure growth, fiscal outcomes, Political consensus, public finance",
author = "Kurt Houlberg and Pedersen, {Lene Holm}",
year = "2015",
month = jan,
day = "1",
doi = "10.1080/03003930.2014.908770",
language = "English",
volume = "41",
pages = "78--99",
journal = "Local Government Studies",
issn = "0300-3930",
publisher = "Routledge",
number = "1",

}

RIS

TY - JOUR

T1 - Political Consensus and Fiscal Outcomes

AU - Houlberg, Kurt

AU - Pedersen, Lene Holm

PY - 2015/1/1

Y1 - 2015/1/1

N2 - Abstract: It is becoming difficult to maintain consensus in a period of economic austerity, and this possibly challenges the ability of democratic institutions to take decisions on tough economic questions. In order to find out how political consensus influences fiscal outcomes, this article sets out to analyse the association between political consensus and public expenditure growth. The results show that political consensus is positively associated with both budgeted and actual expenditure growth, but also negatively associated with budget overruns. This indicates that political consensus comes at a cost, while at the same time politicians may be better at sticking to budgets if political consensus exists. The analysis is based on a pooled regression analysis of the local governments in Denmark in the years 2008 and 2009 using a data set combining survey data with administrative data on the local governments.

AB - Abstract: It is becoming difficult to maintain consensus in a period of economic austerity, and this possibly challenges the ability of democratic institutions to take decisions on tough economic questions. In order to find out how political consensus influences fiscal outcomes, this article sets out to analyse the association between political consensus and public expenditure growth. The results show that political consensus is positively associated with both budgeted and actual expenditure growth, but also negatively associated with budget overruns. This indicates that political consensus comes at a cost, while at the same time politicians may be better at sticking to budgets if political consensus exists. The analysis is based on a pooled regression analysis of the local governments in Denmark in the years 2008 and 2009 using a data set combining survey data with administrative data on the local governments.

KW - expenditure growth

KW - fiscal outcomes

KW - Political consensus

KW - public finance

UR - http://www.scopus.com/inward/record.url?scp=84926147525&partnerID=8YFLogxK

U2 - 10.1080/03003930.2014.908770

DO - 10.1080/03003930.2014.908770

M3 - Journal article

AN - SCOPUS:84926147525

VL - 41

SP - 78

EP - 99

JO - Local Government Studies

JF - Local Government Studies

SN - 0300-3930

IS - 1

ER -

ID: 188192485