Showing 1 - 10 of 540
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
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Persistent link: https://www.econbiz.de/10014401205
The common-pool problem is a central issue in the relationship between the political structure of jurisdictions and the size of public spending. Models predict that, other things being equal, greater political districting of a jurisdiction raises the scale of government. This paper presents new...
Persistent link: https://www.econbiz.de/10014403527
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not...
Persistent link: https://www.econbiz.de/10014395824
Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the executive veto. A simple theoretical framework predicts that jurisdictions with...
Persistent link: https://www.econbiz.de/10014401370
Comparing this repeat Public Expenditure and Financial Accountability (PEFA) assessment with the original 2007 assessment reveals overall improvement across most Performance Indicators, with slippage in some areas and no change in rating for others. This 2012 PEFA report also takes place at a...
Persistent link: https://www.econbiz.de/10012248055
Agriculture occupies a key position in the Kazakhstan economy. Although accounting for only 5 percent of GDP, agriculture continues to employ almost one third of the population. Studies of agriculture in Kazakhstan confirm significant un-tapped productive and export potential for the sector....
Persistent link: https://www.econbiz.de/10012248418
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 studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10009618568
The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county...
Persistent link: https://www.econbiz.de/10012646367