Showing 1 - 10 of 2,519
better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables …
Persistent link: https://www.econbiz.de/10014401735
This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models …, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary … importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption …
Persistent link: https://www.econbiz.de/10014400303
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …
Persistent link: https://www.econbiz.de/10014399916
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … leading to a significant improvement in civil liberties. We argue that these findings can be explained by the political elite …
Persistent link: https://www.econbiz.de/10014402218
Chapter 1 argues that fiscal policy should remain nimble and strengthen its medium-term frameworks, as countries face highly uncertain and differentiated prospects. Vaccination has saved lives and is helping fuel a nascent recovery, but risks are elevated amidst new virus variants, high debt,...
Persistent link: https://www.econbiz.de/10015060635
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...
Persistent link: https://www.econbiz.de/10014404172
This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government...
Persistent link: https://www.econbiz.de/10014400833
This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the...
Persistent link: https://www.econbiz.de/10014401002
This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the fiscal...
Persistent link: https://www.econbiz.de/10014402866
This paper examines the methodological issues arising in the measurement of the distributional impact of tax and expenditure policies, with emphasis on the problems related to the measurement of the impact of adjustment programs on the welfare of the poor. Both conceptual and empirical...
Persistent link: https://www.econbiz.de/10014396116