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An assessment is presented of whether Greece's current plight is a harbinger of similar adverse conditions likely to directly impact the United States in the intermediate- to long-term future.Long-term deficits projected for 2020 and beyond, under the assumption that the economy is in full...
Persistent link: https://www.econbiz.de/10013142255
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
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
Public financial management plays key role in is very important for developing, transitional and poor countries for several reasons. First, these countries need large financial resources to finance the growth, physical infrastructure, social and other public services. Secondly, limited resources...
Persistent link: https://www.econbiz.de/10012938177
This study analyzes the State Budget (APBN) 2017 of Indonesia in Islamic economic perspective. The state budget is prepared using the rules of public economics consisting of state revenues, state expenditures, and budget financing has the posture of the budget, the issues of fiscal policy, and...
Persistent link: https://www.econbiz.de/10014123944
decentralization and corruption in ex- plaining growth. Within an endogenous growth model, we analyze the problem of a benevolent … expenditures. With respect to the benchmark case, then, the possibility of corruption yields both a distorted allocation of …
Persistent link: https://www.econbiz.de/10010932922
decentralization and corruption in ex- plaining growth. Within an endogenous growth model, we analyze the problem of a benevolent … expenditures. With respect to the benchmark case, then, the possibility of corruption yields both a distorted allocation of …
Persistent link: https://www.econbiz.de/10010757054
arise when monitoring corruption is difficult relative to monitoring the provision of public services, and politically …-important groups of citizens do not bear the full cost of corruption. The existence of such systems can distort the effective incidence … of the tax burden, reduce the incentives of government to fight corruption, and legitimize bribe-taking …
Persistent link: https://www.econbiz.de/10014421219
decentralization and corruption in ex- plaining growth. Within an endogenous growth model, we analyze the problem of a benevolent … expenditures. With respect to the benchmark case, then, the possibility of corruption yields both a distorted allocation of …
Persistent link: https://www.econbiz.de/10010614863
Using an extended data set of EU countries ranging from 1971-2006 and relevant econometric methods, we investigate the economic, political, and institutional determinants of government deficits in the EU. The results show a strong opportunistic behaviour of policymakers which leads to political...
Persistent link: https://www.econbiz.de/10003831961