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