Political Business Cycle in Taiwan—Evidence from Central Government Expenditures

Ling Chun Hung, Yu Tou Hsieh

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

The political business cycle (PBC) refers to the phenomenon of an incumbent utilizing fiscal or monetary policies to create an economic boom before an election so that periodic fluctuations are induced according to election calendars. This article uses panel data from 1992 to 2010 to examine the effect of presidential elections on central government departmental expenditure in Taiwan. The results suggest an opportunistic PBC in Taiwan after the first Taiwanese presidential direct election in 1996. Furthermore, Taiwan’s government expenditure cycles have been significantly stronger in the years of the “new democracy.”

Original languageEnglish
Pages (from-to)249-257
Number of pages9
JournalInternational Journal of Public Administration
Volume39
Issue number4
DOIs
Publication statusPublished - 2016 Mar 20

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Public Administration
  • Political Science and International Relations

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