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Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic dispensation is young, comprehensive empirical works to this effect in the case of Africa are hard to find. This study, therefore, sought to contribute to the debate on two counts....
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This paper investigates the impact of democracy on public debt in the Arab world over the period 2002-2013. The results … confirm the existence of an inverted-U relationship between democracy and public debt. This supports the hypothesis that some … level of democracy is required to control public debt. …
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