Political Cycles in Public Expenditure: Butter vs Guns

@article{Bove2017PoliticalCI,
  title={Political Cycles in Public Expenditure: Butter vs Guns},
  author={V. Bove and Georgios Efthyvoulou and A. Navas},
  journal={Journal of Comparative Economics},
  year={2017},
  volume={45},
  pages={582-604}
}
This paper presents a theoretical model and empirical evidence from 22 OECD countries to highlight how governments may use the tradeoff between social and military expenditure to advance their electoral and partisan objectives. Three basic results emerge. First, governments tend to bias outlays towards social expenditure and away from military expenditure at election times. Second, the strength of this cycle is smaller when we exclude countries involved in conflict, where national security… Expand

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