英国经济在保守党还是工党执政下增长更快?

IF 0.9 Q3 ECONOMICS
Amr Algarhi, Alexander Tziamalis
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引用次数: 0

摘要

我们使用1955年至2019年的季度数据来研究英国保守党和工党政府在实际GDP增长方面的表现。为了解释每个政府在立法和实施新政策方面的财政滞后,除了重叠技术外,我们还探索了滞后8。我们的主要发现是,在两党执政期间,英国经济的增长速度相似,但工党政府似乎在应对衰退方面做得更好,并取得了更稳定的表现。如果不考虑2008年金融危机这一巨大外部冲击的影响,工党的优势就会变得更加明显。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does the UK economy grow faster under a Conservative or Labour government?
We use quarterly data from 1955 to 2019 to examine the performance of Conservative and Labour administrations in terms of real GDP growth in the United Kingdom. To account for fiscal lags in the legislation and implementation of new policies by each administration, we explore up to lag 8 in addition to an overlapping technique. Our main finding is that the UK economy has grown with a similar pace under both parties, however Labour governments seem to do better in tackling recessions and achieve a more consistent performance. Labour’s advantage becomes more pronounced if we discount the effect of a large external shock, the 2008 Financial Crisis.
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来源期刊
CiteScore
1.80
自引率
11.10%
发文量
18
期刊介绍: Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.
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