Accès libre

Varieties of Capitalism and Fiscal Stimulus, 2008–2010

À propos de cet article

Citez

This paper tests the Varieties of Capitalism (VoC) framework to explain variation in fiscal stimulus measures across OECD countries in response to the 2008-2010 economic crisis. Following Soskice (2007), I argue that coordinated market economies are less flexible with fiscal policy than liberal market economies. Multivariate analysis across 23 OECD countries demonstrates that VoC is more powerful than three competing theories: fiscal institutions, which hypothesizes more stimulus in countries with less restrictive budgetary rules; debt credibility, which hypothesizes more stimulus in less indebted countries; and political partisanship, which hypothesizes more stimulus in countries governed by the left.

eISSN:
2228-0596
Langue:
Anglais
Périodicité:
2 fois par an
Sujets de la revue:
Computer Sciences, other, Business and Economics, Political Economics, Law, Social Sciences