Political Budget Cycles in Early Versus Regular Elections: The Case of Serbia

Vladan Ivanovic (), Endrit Lami () and Drini Imami
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Vladan Ivanovic: University of Kragujevac
Endrit Lami: Martin Luther University Halle-Wittenberg

Comparative Economic Studies, 2023, vol. 65, issue 3, No 7, 581 pages

Abstract: Abstract The paper analyses Political Budget Cycles in the context of a young post-communist democracy, Serbia. The authors deploy well-established methodological (time series) approaches to examine the general government budget balance (fiscal deficit) in conjunction with elections. The findings suggest that there is clear evidence of higher fiscal deficit prior to elections—however, this is the case only for regular (scheduled) elections and not so for snap (early called) elections. The paper contributes to the PBC literature by revealing different incumbent behaviour in regular versus early elections, thus highlighting the importance of distinguishing between these types of elections in the domain of PBC research.

Keywords: Political budget cycles; Budget balance (deficit); Early elections; Regular elections; Serbia (search for similar items in EconPapers)
JEL-codes: D72 E62 H26 P16 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1057/s41294-023-00210-0

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