Shades of red and blue: Political ideology and sustainable development
Aidt, T. S.
Cambridge Working Papers in Economics
Faculty of Economics
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Aidt, T. S., Castro, V., & Martins, R. (2016). Shades of red and blue: Political ideology and sustainable development. https://doi.org/10.17863/CAM.1079
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.
Sustainable development, Political ideology, Genuine investment
This record's DOI: https://doi.org/10.17863/CAM.1079
This record's URL: https://www.repository.cam.ac.uk/handle/1810/257151