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Political Consensus and Fiscal Outcomes

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  • Kurt Houlberg
  • Lene Holm Pedersen

Abstract

It is becoming difficult to maintain consensus in a period of economic austerity, and this possibly challenges the ability of democratic institutions to take decisions on tough economic questions. In order to find out how political consensus influences fiscal outcomes, this article sets out to analyse the association between political consensus and public expenditure growth. The results show that political consensus is positively associated with both budgeted and actual expenditure growth, but also negatively associated with budget overruns. This indicates that political consensus comes at a cost, while at the same time politicians may be better at sticking to budgets if political consensus exists. The analysis is based on a pooled regression analysis of the local governments in Denmark in the years 2008 and 2009 using a data set combining survey data with administrative data on the local governments.

Suggested Citation

  • Kurt Houlberg & Lene Holm Pedersen, 2015. "Political Consensus and Fiscal Outcomes," Local Government Studies, Taylor & Francis Journals, vol. 41(1), pages 78-99, January.
    • Handle: RePEc:taf:flgsxx:v:41:y:2015:i:1:p:78-99
    DOI: 10.1080/03003930.2014.908770
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    Cited by:

    1. Monika Köppl-Turyna, 2016. "Opportunistic politicians and fiscal outcomes: the curious case of Vorarlberg," Public Choice, Springer, vol. 168(3), pages 177-216, September.
    2. Tavares Antonio F., 2018. "Municipal amalgamations and their effects: a literature review," Miscellanea Geographica. Regional Studies on Development, Sciendo, vol. 22(1), pages 5-15, March.
    3. Blane Lewis, 2016. "Local political fragmentation: Fiscal and service delivery effects in Indonesia," Departmental Working Papers 2016-16, The Australian National University, Arndt-Corden Department of Economics.

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