Political Parties and the Supply Side of the Economy: The Provision of Physical and Human Capital in Advanced Economies, 1960-90
Political Parties and the Supply Side of the Economy: The Provision of Physical and Human Capital in Advanced Economies, 1960-90
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政党和经济的供给方：发达经济体的物质资本和人力资本的提供，1960-90 年
DOI：
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发表时间：
1997
期刊：
影响因子：
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通讯作者：
C. Boix
中科院分区：
文献类型：
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作者：
C. Boix
理论：政府的党派任期(与制度主义和结构性方法相反)被用来解释政府战略的性质，以影响经济的供给侧--投入要素、资本和劳动力的提供。假设：供给侧经济战略是执政党的一项职能。左翼政府在物质和人力资本形成方面投入巨资，以提高要素生产率和经济竞争力。右翼政府转而依赖私人代理人来实现经济增长的最大化。国内政治经济和国际经济的组织对缔约方影响宏观经济政策行为的能力有很大限制，几乎不会限制供应方经济战略的选择。方法：对1960年至1990年经合组织国家固定资本形成总额和教育公共支出水平的数据进行回归分析。结果：在整个研究期间，供应方政策符合党派偏好。在石油危机之前，经济的制度配置与政府的党派之争共同影响了政策，但在石油危机之后就没有了。经济开放不会限制供给侧政策的选择。
Theory: Partisan tenure of government (in contrast to institutionalist and structural approaches) is used to explain the nature of governmental strategies to affect the supply side of the economy-the provision of the input factors, capital and labor. Hypotheses: Supply-side economic strategies are a function of the party in office. Left-wing governments spend heavily in physical and human capital formation to raise the productivity of factors and the competitiveness of the economy. Rightwing governments rely instead on private agents to maximize economic growth. The organization of the domestic political economy and the international economy, which place heavy limits on the capacity of parties to affect the conduct of macroeconomic policies, hardly constrain the choice of supply-side economic strategies. Methods: Regression analysis of data for levels of public spending on gross fixed capital formation and on education in OECD nations from 1960 to 1990. Results: Supply-side policies conform to partisan preferences throughout the period examined. The institutional configuration of the economy affected policies jointly with government partisanship until the oil shock but not afterwards. Economic openness does not constrain the choice of supply-side policies.