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Papua New Guinea; Selected Issues Paper and Statistical Appendix

International Monetary Fund (IMF); International … - 2007

the data set and the empirical methods used to test for the presence of election-influenced spending, and presents the …

Persistent link: https://www.econbiz.de/10011245020

Ethnic Diversity, Democracy, and Corruption

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to … conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears … technology of extraction operates only at the early stage of democracy. Its impact tends to phase out as democracy matures. In …

Persistent link: https://www.econbiz.de/10005248127

Corruption, Competition, and Contracts; A Model of Vote Buying

Vardy, Felix J. J.; Morgan, John - International Monetary Fund (IMF) - 2006

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....

Persistent link: https://www.econbiz.de/10005248248

Colonial Origins, Institutions and Economic Performance in the Caribbean; Guyana and Barbados

DaCosta, Michael - International Monetary Fund (IMF) - 2007

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Persistent link: https://www.econbiz.de/10005263739

Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

Persistent link: https://www.econbiz.de/10005263919

Votingon the "Optimal" Size of Government

Olters, Jan-Peter - International Monetary Fund (IMF) - 2000

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...

Persistent link: https://www.econbiz.de/10005264039

Electoral System and Public Spending

Perotti, Roberto; Rostagno, Massimo V.; … - International Monetary Fund (IMF) - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10005264182

The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence

Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...

Persistent link: https://www.econbiz.de/10005825631

Rethinking the Governance of the International Monetary Fund

Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2006

This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of...

Persistent link: https://www.econbiz.de/10005825790

Political Budget Cycles in Papua New Guinea

Faal, Ebrima - International Monetary Fund (IMF) - 2007

series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent governments, mainly in the … form of increased development spending and overall primary expenditure, followed in some cases by retrenchment in post-election … noteworthy that revenue was not statistically significantly related to elections, either in the pre- or post-election period. In …

Persistent link: https://www.econbiz.de/10005826270