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economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform …, necessitates careful policy design. Comprehensive budgetary reform is required to prevent budgetary slippages during the transition …
Persistent link: https://www.econbiz.de/10014396451
We study cointegrating relationships among fiscal variables and output and use them to introduce a new measure of the government's fiscal position. In the US since World War II, we find that the primary surplus-GDP ratio and the government debt-GDP ratio are nonstationary, which invalidates...
Persistent link: https://www.econbiz.de/10014287325
In Jordan, a system of general food subsidies became untenable in budgetary terms, with a sharp devaluation of the … reform of the social security system might also be needed in view of the increased unemployment resulting from the recent …
Persistent link: https://www.econbiz.de/10014395808
this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …
Persistent link: https://www.econbiz.de/10012103562
review of the evidence on the supply of earmarks by legislators. It then discusses the role of university lobbying for …
Persistent link: https://www.econbiz.de/10012465189
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10012466632
We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...
Persistent link: https://www.econbiz.de/10014576603
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