Political Budget Cycles and the Organization of Political Parties [book]

Marek Hanusch, Philip Keefer
2013 Policy Research Working Papers  
We demonstrate that politicians have stronger incentives to increase spending around elections in the presence of younger political parties. Previous research has shown that political budget cycles are larger when voters are uninformed about politician characteristics and when politicians are less credible. We attribute the effects of party age to organizational differences between younger and older parties that precisely affect voter information and politician credibility. Parties organized
more » ... arties organized around particular individuals, rather than around policy labels or a party machine, are less likely to survive the departure of party leaders, to adopt organizational attributes that promote voter information and political credibility, and to limit political budget cycles. Previous research has also shown larger political budget cycles in younger democracies. We present evidence indicating that party age accounts for this effect.
doi:10.1596/1813-9450-6654 fatcat:w5t3cj5cqvbdbebky7cx7ilvni