Shades of red and blue: government ideology and sustainable development

Toke Aidt, Vitor Castro and Rodrigo Martins

Public Choice, 2018, vol. 175, issue 3, No 6, 303-323

Abstract: Abstract We study the effect of government ideology on sustainable development, measured as investment in genuine wealth, in a dynamic panel of 79 countries between 1981 and 2013. We find robust and statistically significant evidence that genuine investment grows faster under right-wing governments than under left-wing or center governments. In contrast, we find no indication of opportunistic cycles.

Keywords: Sustainable development; Government ideology; Political cycles; Genuine investment (search for similar items in EconPapers)
JEL-codes: C23 D72 I31 O15 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11127-018-0536-2

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