Shades of red and blue: Government ideology and sustainable development
journal contributionposted on 2018-04-17, 13:46 authored by Toke S. Aidt, Vitor CastroVitor Castro, Rodrigo Martins
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.
Vitor Castro also wishes to thank the financial support provided by the Portuguese Foundation for Science and Technology under the research grant FRH/BSAB/113588/2015 (partially funded by COMPTE, QREN and FEDER).
- Business and Economics
Published inPublic Choice
CitationAIDT, T.S., CASTRO, V. and MARTINS, R., 2018. Shades of red and blue: Government ideology and sustainable development. Public Choice, 175(3–4), pp 303–323.
Publisher© Springer Verlag
- AM (Accepted Manuscript)
Publisher statementThis work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
NotesThis is a post-peer-review, pre-copyedit version of an article published in Public Choice. The final authenticated version is available online at: http://dx.doi.org/10.1007/s11127-018-0536-2.