The Political Economy of Local Fiscal Behavior PDF Download

Author: Robert P. Inman
Publisher:
ISBN:
Category : Local finance
Languages : en
Pages : 120

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Author: Jacob S. Hacker
Publisher: Cambridge University Press
ISBN: 1316516369
Category : History
Languages : en
Pages : 487

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Book Description
Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

Author: Barry R. Weingast
Publisher: Oxford University Press, USA
ISBN: 0199548471
Category : Business & Economics
Languages : en
Pages : 1112

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Book Description
Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

Author: Universities-National Bureau Committee for Economic Research
Publisher:
ISBN:
Category :
Languages : en
Pages : 536

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Author: Lotta Moberg
Publisher: Taylor & Francis
ISBN: 1315298945
Category : Business & Economics
Languages : en
Pages : 205

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Book Description
This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future.

Author: Mr.Paolo Mauro
Publisher: International Monetary Fund
ISBN: 1616358777
Category : Business & Economics
Languages : en
Pages : 53

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Book Description
We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of fiscal prudence or profligacy for each country over the past several decades. Specifically, our dataset consists of fiscal revenues, primary expenditures, the interest bill (and thus both the primary and the overall fiscal deficit), the government debt, and gross domestic product, for 55 countries for up to two hundred years. For the first time, a large cross country historical data set covers both fiscal stocks and flows. Using Bohn’s (1998) approach and other tests for fiscal sustainability, we document how the degree of prudence or profligacy varies significantly over time within individual countries. We find that such variation is driven in part by unexpected changes in potential economic growth and sovereign borrowing costs.

Author: Sanjeev Khagram
Publisher: Brookings Institution Press
ISBN: 0815723377
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Explicates political economy factors that have brought about greater transparency and participation in budget settings across Asia, Africa, and Latin America. This title presents the strategies, policies, and institutions through which improvements can occur and produce change in policy and institutional outcomes.

Author: Mr.Alberto Alesina
Publisher: International Monetary Fund
ISBN: 1451850689
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last 20 years rather than before? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We will then proceed to a discussion of political economy models, which we organize in six groups: (i) models based upon opportunistic policymakers and naive voters with “fiscal illusion;” (ii) models of intergenerational redistributions; (iii) models of debt as a strategic variable, linking the current government with the next one; (iv) models of coalition governments; (v) models of geographically dispersed interests; and (vi) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.

Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 540

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Author: Lorenzo Forni
Publisher: International Monetary Fund
ISBN: 147556998X
Category : Business & Economics
Languages : en
Pages : 20

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Book Description
The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the Italian subnational fiscal rule introduced in 1999 has been enforced by the central government; 3) municipalities subject to the fiscal rule show more limited political budget cycles than municipalities not subject to the rule. In order to identify the effect, we rely on the fact that the domestic fiscal rule does not apply to municipalities below 5,000 inhabitants. We find that the political budget cycle increases real capital spending by about 35 percent on average in the years prior to municipal elections and that the sub-national fiscal rule reduces these figures by about two thirds.