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increase the green multiplier. Interestingly, corruption positively affects all multipliers. I show that the effect of … corruption can be explained by its role in easing bureaucratic and regulatory burdens. These results suggest that taking national …
Persistent link: https://www.econbiz.de/10014634134
The aftermath of the global financial crisis of 2007-08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter,...
Persistent link: https://www.econbiz.de/10013077581
The aftermath of the global financial crisis of 2007-08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter,...
Persistent link: https://www.econbiz.de/10009782133
corruption, the features of electoral cycles. The paper discusses both theory and evidence, and concludes with some speculations …
Persistent link: https://www.econbiz.de/10009781540
Persistent link: https://www.econbiz.de/10011856366
Persistent link: https://www.econbiz.de/10012154643
Persistent link: https://www.econbiz.de/10011737003
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …
Persistent link: https://www.econbiz.de/10012437907
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10003898835
This research examines problems surrounding procedures of fiscal policy and their influence on economic growth in Nigeria from 1970 - 2009. Theory envisage that fiscal policy can impinge on economic growth by changing motivation for investment and labour as well as by altering after-tax proceeds...
Persistent link: https://www.econbiz.de/10009762664