Shades of red and blue: government ideology and sustainable development

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 unde...

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Bibliographic Details
Published in:Public choice 2018-06, Vol.175 (3/4), p.303-323
Main Authors: Aidt, Toke S., Castro, Vitor, Martins, Rodrigo
Format: Article
Language:English
Subjects:
Economics
Economics and Finance
Ideology
Investments
Political Science
Public Finance
Sustainability
Sustainable development
Wealth
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Summary: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.
ISSN:0048-5829
1573-7101
DOI:10.1007/s11127-018-0536-2