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

References

• Alesina , A. and Tabellini , G. 2005 . Why is fiscal policy often procyclical? , Cambridge , MA : NBER Working Paper No. 11600, National Bureau of Economic Research .
   Google Scholar
• Arellano , M. and Bover , O. 1995 . Another look at the instrumental variable estimation of error component models . Journal of Econometrics , 68 : 29 – 51 .
   Web of Science ®Google Scholar
• Darby , J. and Melitz , J. 2008 . Social spending and automatic stabilizers in the OECD . Economic Policy , 23 : 715 – 56 .
   Google Scholar
• Gavin , M. and Perotti , R. 1997 . “ Fiscal policy in Latin America ” . In NBER Macroeconomics Annual 1997, , Edited by: Bernanke , B. and Rotemberg , J. Cambridge , MA : MIT Press .
   Google Scholar
• Granado , J. , Gupta , S. and Hajdenberg , A. 2010 . Is social spending procyclical? , Washington , DC : IMF Working Paper No. 10/234, International Monetary Fund .
   Google Scholar
• Hallerberg , M. and Strauch , R. 2002 . On the cyclicality of public finances in Europe . Empirica , 29 : 183 – 207 .
   Google Scholar
• Ilzetzki , E. and Vegh , C. 2008 . Procyclical fiscal policy in developing countries: truth or fiction? , Cambridge , MA : NBER Working Paper No. 14191, National Bureau of Economic Research .
   Google Scholar
• Jaimovich , D. and Panizza , U. 2007 . Procyclicality or reverse causality?, InterAmerican Development Bank, Research Department , Washington , DC : Working Paper No. 599, InterAmerican Development Bank, Research Department .
   Google Scholar
• Tornell , A. and Lane , P. 1999 . The voracity effect . American Economic Review , 89 : 22 – 46 .
   Web of Science ®Google Scholar