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The empirical and theoretical literature on long-term relationships in public finance is dominated by two approaches …
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In 2012, 22 EU countries signed the Fiscal Compact, an intergovernmental agreement aimed at backing EU fiscal rules with national arrangements. The main objective of the Compact was to strengthen compliance. Based on a survey of national independent fiscal institutions, we take a closer look at...
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What is the level of state capacity in developing countries today, and what have been its drivers over the past century? We construct a comprehensive new dataset of tax and revenue collection for 46 African polities from 1900 to 2015. Descriptive analysis shows that many polities in Africa have...
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This paper investigates empirically whether the relation between finance and growth depends on a specific type of … financial accounts data. It allows distinguishing between the sectors that receive financing - households and corporates - as … well as a variety of different financial instruments. For the household sector I find an inverted u-shaped relation that …
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