Shades of red and blue: Government ideology and sustainable development

Aidt, Toke S.; Castro, Vitor; Martins, Rodrigo

TA_VC_RM_SustDev.pdf (527.48 kB)

Shades of red and blue: Government ideology and sustainable development

journal contribution

posted 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.

Funding

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).

History

School

Business and Economics

Department

Economics

Published in

Public Choice

Volume

175

Issue

3-4

Pages

303–323

Citation

AIDT, 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

Version

AM (Accepted Manuscript)

Publisher statement

This 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/

Acceptance date

2018-03-16

Publication date

2018-03-29

Notes

This 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.