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Voter responses to fiscal crisis : new evidence on preferences for fiscal adjustment in emerging markets

Ardanaz, Martin; Hübscher, Evelyne; Keefer, Philip; … - 2024

Though governments regularly implement fiscal adjustments to avert crisis, voter attitudes towards competing adjustment strategies are still poorly understood. A conjoint experiment with 8,000 survey respondents in Brazil, Colombia, Costa Rica, and Peru confirms that individuals prefer spending-...

Persistent link: https://www.econbiz.de/10014529801

Debt sustainability in Guatemala : institutional arrangement and quantitative analysis

Catalán-Herrera, Juan Carlos - 2020

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels, at the expense of adequate provisioning of public goods and services and a widening gap in social development and infrastructure. Since fiscal outcomes are not independent from...

Persistent link: https://www.econbiz.de/10012299175

Fiscal consolidations and electoral outcomes in emerging economies : does the policy mix matter? : macro and micro level evidence from Latin America

Ardanaz, Martín; Hallerberg, Mark; Scartascini, Carlos G. - 2019

Do voters punish governments that introduce fiscal "austerity" measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of fiscal consolidations? The empirical literature on the political economy of fiscal adjustments,...

Persistent link: https://www.econbiz.de/10012052149

Fiscal sustainability in the Caribbean : an econometric analysis

Khadan, Jeetendra - 2019

Many countries in the Caribbean have been grappling with persistent fiscal imbalances and rising debt levels. The average debt to GDP ratio in the Caribbean in 2017 was 76.6 percent, higher than the negative debt-growth threshold of 60 percent of GDP. Also, the average fiscal deficit as a...

Persistent link: https://www.econbiz.de/10012028426

The cyclical behaviour of government spending for social protection : is the OECD methodology robust?

Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023

Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...

Persistent link: https://www.econbiz.de/10014445966

Fiscal and other macroeconomic effects of privatization

Katsoulakos, Yannis; Likoyanni, Elissavet - 2002

This paper contains an econometric analysis using country level panel data of 23 OECD countries for the period 1990 - 2000, extending existing empirical work, and more specifically work on the impact of privatization on public deficit, the impact on public debt and the impact on other...

Persistent link: https://www.econbiz.de/10011598306

Demand-side economics in times of high debt : the case of the European Union

Köppl-Turyna, Monika; Lorenz, Hanno - 2016

We analyze the effectiveness of an increase in government consumption for stimulating growth for diverse levels of public debt in the European Union. We conclude, that growth rate can be stimulated in the short run by an increase in government consumption but only at low levels of public debt....

Persistent link: https://www.econbiz.de/10011717820

Fiscal rules and economic cycles : quality (always) matters

Andrián, Leandro; Hirs-Garzón, Jorge; Urrea, Iván; … - 2023

Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal stimulus, and asset management. In contrast, the bad reasons, which generate higher indebtedness, are mainly associated with political cycles, rent capture, intergenerational...

Persistent link: https://www.econbiz.de/10014480731

The consequences of corruption : evidences from China

Bin Dong; Torgler, Benno - 2010

With complementary Chinese data sets and alternative corruption measures, we explore the consequences of corruption …. Adopting a novel approach we provide evidence that corruption can have both, positive and negative effects, on economic … development. The overall impact of corruption might be the balance of the two simultaneous effects within a specific institutional …

Persistent link: https://www.econbiz.de/10008729042

Corruption and social interaction : evidence from China

Bin Dong; Torgler, Benno - 2011

the incidence of corruption. We first present an interaction-based model on corruption that predicts that the level of … corruption is positively associated with social interaction. Then we empirically verify the theoretical prediction using within … a statistically significantly positive effect on the corruption rate in China. Our findings, therefore, underscore the …

Persistent link: https://www.econbiz.de/10008808080

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