The Domestic Politics of Public Debt: A Central and Eastern European Perspective
<p>According to Alesina and Tabellini (1990), persistent deficit and its consequence, debt accumulation, cannot be explained by myopia or political business cycles exclusively. Instead, there is a tendency for incumbent politicians to use both deficit and debt strategically in order to severel...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Babes-Bolyai University, Cluj-Napoca
2014-02-01
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| Series: | Transylvanian Review of Administrative Sciences |
| Subjects: | |
| Online Access: | https://rtsa.ro/tras/index.php/tras/article/view/152 |
| _version_ | 1797262737057775616 |
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| author | István BENCZES Vera TAKÁCS |
| author_facet | István BENCZES Vera TAKÁCS |
| author_sort | István BENCZES |
| collection | DOAJ |
| description | <p>According to Alesina and Tabellini (1990), persistent deficit and its consequence, debt accumulation, cannot be explained by myopia or political business cycles exclusively. Instead, there is a tendency for incumbent politicians to use both deficit and debt strategically in order to severely limit the new incoming coalition’s spending capacities. Although the relevance of the model was tested in the context of advanced industrialised countries, no systematic analysis has been conducted yet on Central and Eastern European ones. The article argues accordingly that public debt did serve the strategic aims of incumbents in Hungary, Poland and, to a lesser extent, the Czech Republic, but the strategic manipulation of debt was much less straightforward in other cases. It was rather the accession to the European Union (especially its timing) that served as a strategic variable in the reform of public finances in most of the countries in the region.</p> |
| first_indexed | 2024-03-11T11:49:09Z |
| format | Article |
| id | doaj.art-b7f1cb9d48294c3998c2b2896d673040 |
| institution | Directory Open Access Journal |
| issn | 1842-2845 |
| language | English |
| last_indexed | 2024-04-25T00:01:52Z |
| publishDate | 2014-02-01 |
| publisher | Babes-Bolyai University, Cluj-Napoca |
| record_format | Article |
| series | Transylvanian Review of Administrative Sciences |
| spelling | doaj.art-b7f1cb9d48294c3998c2b2896d6730402024-03-14T07:28:33ZengBabes-Bolyai University, Cluj-NapocaTransylvanian Review of Administrative Sciences1842-28452014-02-011041526168The Domestic Politics of Public Debt: A Central and Eastern European PerspectiveIstván BENCZES0Vera TAKÁCS1Associate Professor, Department of World Economy, Faculty of Economics, Corvinus University of Budapest, Budapest, Hungary Fulbright Visiting Professor, Indiana University, Bloomington, USPhD Student, Multidisciplinary Doctoral School, Department of World Economy, Faculty of Economics, Corvinus University of Budapest, Budapest, Hungary<p>According to Alesina and Tabellini (1990), persistent deficit and its consequence, debt accumulation, cannot be explained by myopia or political business cycles exclusively. Instead, there is a tendency for incumbent politicians to use both deficit and debt strategically in order to severely limit the new incoming coalition’s spending capacities. Although the relevance of the model was tested in the context of advanced industrialised countries, no systematic analysis has been conducted yet on Central and Eastern European ones. The article argues accordingly that public debt did serve the strategic aims of incumbents in Hungary, Poland and, to a lesser extent, the Czech Republic, but the strategic manipulation of debt was much less straightforward in other cases. It was rather the accession to the European Union (especially its timing) that served as a strategic variable in the reform of public finances in most of the countries in the region.</p>https://rtsa.ro/tras/index.php/tras/article/view/152public debtstrategic behaviourdebt dynamicscentral and eastern europeeu accession. |
| spellingShingle | István BENCZES Vera TAKÁCS The Domestic Politics of Public Debt: A Central and Eastern European Perspective Transylvanian Review of Administrative Sciences public debt strategic behaviour debt dynamics central and eastern europe eu accession. |
| title | The Domestic Politics of Public Debt: A Central and Eastern European Perspective |
| title_full | The Domestic Politics of Public Debt: A Central and Eastern European Perspective |
| title_fullStr | The Domestic Politics of Public Debt: A Central and Eastern European Perspective |
| title_full_unstemmed | The Domestic Politics of Public Debt: A Central and Eastern European Perspective |
| title_short | The Domestic Politics of Public Debt: A Central and Eastern European Perspective |
| title_sort | domestic politics of public debt a central and eastern european perspective |
| topic | public debt strategic behaviour debt dynamics central and eastern europe eu accession. |
| url | https://rtsa.ro/tras/index.php/tras/article/view/152 |
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