Taxation and political business cycles in EU economies |
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| Authors: | Andreas Andrikopoulos Ioannis Loizides Kyprianos Prodromidis |
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| Institution: | 1. Department of International and European Economic Studies , Athens University of Economics and Business , Athens, Greece kpp@aueb.gr;3. Department of International and European Economic Studies , Athens University of Economics and Business , Athens, Greece;4. Department of Economics , Athens University of Economics and Business and Centre of Planning and Economic Research , Athens, Greece |
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| Abstract: | This paper examines whether incumbent national governments of 11 member states of the European Union manipulated the tax policy instruments at their disposal in order to create national political business cycles, opportunistic or partisan. The empirical evidence, based on data concerning the 1965 to 1997 period, does not support this hypothesis. Rather, it appears that governments have pursued stabilization policies. |
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