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Faculty of Economics

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Aidt, T.S., Castro, V. and Martins, R.

Shades of red and blue: government ideology and sustainable development

Public Choice

Abstract: 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.

Publisher's Link: https://link.springer.com/article/10.1007%2Fs11127-018-0536-2

Open Data link: https://link.springer.com/article/10.1007%2Fs11127-018-0536-2#Sec5



Cambridge Working Paper in Economics Version of Paper: Shades of red and blue: Political ideology and sustainable development, Aidt, T. S., Castro, V. and Martins, R., (2016)

Papers and Publications



Recent Publications


Onatski, A. and Wang, C. Alternative Asymptotics for Cointegration Tests in Large VARs Econometrica, forthcoming [2018]

Faraglia, E., Marcet, A., Oikonomou, R. and Scott, A. Government Debt management: the Short and the Long of it Review of Economic Studies, accepted [2018]

Jochmans, K., and Weidner, M. Fixed-Effect Regressions on Network Data Econometrica, forthcoming [2019]