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A Noteon the Public Choice Approach to the Growth in Government Expenditure
International Monetary Fund - 1988
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries …
Persistent link: https://www.econbiz.de/10014395824
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Hold Your Nose and Vote : Why Do Some Democracies tolerate Corruption?
Pani, Marco - 2009
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result … from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy …
Persistent link: https://www.econbiz.de/10014402566
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Democracy and Reforms : Evidence From a New Dataset
Spilimbergo, Antonio - 2010
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and … years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the …. Democracy has a positive and significant impact on the adoption of economic reforms but there is no evidence that economic …
Persistent link: https://www.econbiz.de/10014402711
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Why Focuson Spending Needs Factors? : The Political Economy of Fiscal Transfer Reforms in Mexico
Ahmad, Ehtisham - 2007
An equalization system ensures that subnational governments can provide similar level of public services at a comparable level of own tax-effort. This paper focuses on the importance of spending needs factors in the design of equalization transfers as well as special purpose transfers-and the...
Persistent link: https://www.econbiz.de/10014400983
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Government Spending, Legislature Size, and the Executive Veto
Baqir, Reza - 2001
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
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From containment to rationalization : increasing public expenditure efficiency in France
Hallaert, Jean-Jacques; Queyranne, Maximilien - 2016
Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable fiscal consolidation. The methodology is based on a...
Persistent link: https://www.econbiz.de/10011436803
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On Improving Public Expenditure Policies for the Poor : Major Informational Requirements
Chalk, Nigel Andrew - 1993
An improvement in the quality of public expenditures is needed in many countries, given binding macroeconomic and fiscal constraints, and poverty reduction and distributional objectives. This process involves a reassessment of methodology used for this purpose by countries and international...
Persistent link: https://www.econbiz.de/10014398132
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A Model of Sovereign Debt in Democracies
Alichi, Ali - 2008
sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …
Persistent link: https://www.econbiz.de/10014401388
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The fiscal multiplier of public investment : the role of corporate balance sheet
Espinoza, Raphael; Gamboa-Arbelaez, Juliana; Sy, Mouhamadou - 2020
theory (Myers 1977). We also find that the effect of public investment on corporate investment is much weaker for firms that …
Persistent link: https://www.econbiz.de/10012391930
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Optimal fiscal spending and reserve accumulation policies under volatile aid
Moldovan, Ioana R.; Yang, Shu-Chun S.; Zanna, Luis-Felipe - 2019
This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the...
Persistent link: https://www.econbiz.de/10012102039