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This paper explores the determinants of public employment across the world and finds that it is negatively associated with country size (by population) and positively associated with the income level. The findings show that a country's openness to trade is positively associated with public...
Persistent link: https://www.econbiz.de/10012113855
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the government to change the size and structure of the...
Persistent link: https://www.econbiz.de/10012113828
Improving access to quality education has been the backbone of several development strategies around the world and considerable public resources have been dedicated to achieving this goal. However, one could wonder whether increasing public education expenditure would drive better access to...
Persistent link: https://www.econbiz.de/10012168007
This paper analyzes whether fiscal policy in South Asia amplifies or smooths business cycle fluctuations. The paper estimates several econometric models to explore the cyclicality of government spending and tax buoyancy. The findings show that fiscal policy is procyclical in most countries. In...
Persistent link: https://www.econbiz.de/10012008294
A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research. This paper hypothesizes that cities with more...
Persistent link: https://www.econbiz.de/10012121233
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US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
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