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Executive Strength, Executive-Legislative Relations, and Budget DeficitsExecutive Strength, Executive-Legislative Relations, and Budget Deficits

Other Titles
Executive Strength, Executive-Legislative Relations, and Budget Deficits
Authors
이호준신재혁
Issue Date
2014
Publisher
한국국제정치학회
Keywords
budget deficits; executive strength; executive-legislative relations; parliamentary system; presidential system; conditional common pool resource theory
Citation
The Korean Journal of International Studies, v.12, no.2, pp.451 - 472
Indexed
KCI
Journal Title
The Korean Journal of International Studies
Volume
12
Number
2
Start Page
451
End Page
472
URI
https://scholar.korea.ac.kr/handle/2021.sw.korea/100298
ISSN
2233-470X
Abstract
Why do different countries experience varying levels of budget deficits? Common pool resource theorists argue that budget deficits tend to be low if the executive, who considers total tax burdens, suppresses the narrow incentives of individual legislators, who only consider partial tax burdens. Policy inertia theorists argue that a decrease in the number of veto players is associated with a low level of budget deficit. In this article, we combine the two approaches and offer a conditional common pool resource theory that predicts budget deficits to decrease as the executive strength vis-à-vis the legislature increases under parliamentarism because of the lack of legislative veto power. Under presidentialism, however, this effect is not likely to be significant because of the presence of legislative veto power. We support the argument through an analysis of cross-national data on budget deficits of 49 countries from 1995 to 2011.
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