378
Views
15
CrossRef citations to date
0
Altmetric
Original Articles

The cyclicality of education, health, and social security government spending

&
Pages 669-672 | Published online: 19 Oct 2012
 

Abstract

We use a panel of developed and emerging countries for the period 1970 to 2008 to assess the cyclicality of education, health and social security government spending. We mostly find acyclical behaviour, but evidence also points to counter-cyclicality for social security spending, particularly in OECD countries, consistent with the operation of automatic stabilizers.

JEL Classification:

Notes

1 These three functional spending categories accounted for 41.6%, 54.7% and 34.5% of government spending, respectively, in the full, OECD and developing country groups over the full time span considered in our sample.

2 The Hansen J-statistics confirm the validity of the instrument set used. Within-fixed effects results are available from the authors upon request.

3 The output gap is computed as the difference between actual and potential, and potential GDP is obtainded by means of Hodrick–Prescott (HP) filter extraction. As a robustness check, filtering instead with either the Baxter–King or Christiano–Fitzgerald alternatives did not qualitatively alter our main results.

Log in via your institution

Log in to Taylor & Francis Online

PDF download + Online access

  • 48 hours access to article PDF & online version
  • Article PDF can be downloaded
  • Article PDF can be printed
USD 53.00 Add to cart

Issue Purchase

  • 30 days online access to complete issue
  • Article PDFs can be downloaded
  • Article PDFs can be printed
USD 205.00 Add to cart

* Local tax will be added as applicable

Related Research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.