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

Shades of red and blue: Political ideology and sustainable development


Abstract: We study the effect of political ideology on sustainable development, measured as investment in genuine wealth, in a dynamic panel of 79 countries between 1981 and 2013. We find that a switch from a left-wing or centrist government to a right-wing government has a robust positive and statistically significant effect on investment in genuine wealth. We find no evidence of opportunistic cycles in these investments.

Keywords: Sustainable development, Political ideology; Genuine investment

JEL Codes: C23 D72 I31 O15

Author links: Toke Aidt  


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Published Version of Paper: Shades of red and blue: government ideology and sustainable development, Aidt, T.S., Castro, V. and Martins, R., Public Choice (2018)

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