Fiscal policy over the election cycle in low-income countries:
Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal adju...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Washington, DC
IMF
2013
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| Schriftenreihe: | IMF working paper
13/153 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal adjustment takes the form of increased revenue mobilization in trade taxes and cuts to government investment, with no significant cuts in government consumption. Using a new dataset on national fiscal rules and IMF programs, we find that both the presence of fiscal rules and IMF programs help dampen the magnitude of the political budget cycle in LICs. We conclude that elections not only imply a macroeconomic cost when they take place but also trigger a painful fiscal adjustment in which public investment is largely sacrificed |
| Beschreibung: | Description based upon print version of record |
| Beschreibung: | 1 Online-Ressource (18, [5] Seiten) graph. Darst |
| Format: | Systemvoraussetzungen: Acrobat Reader |
| ISBN: | 9781475588514 |
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| 245 | 1 | 0 | |a Fiscal policy over the election cycle in low-income countries |c Christian Ebeke and Dilan Ölçer |
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| 505 | 8 | |a Cover; Abstract; Content; I. Introduction; II. How is fiscal policy conducted over the election cycle? Preliminary evidence; A. Baseline specification and data; B. Baseline estimates; Composition of expenditures; Composition of tax revenues; Overall fiscal balance; III. Dealing with the endogeneity of election timing; IV. Domestic and international scrutiny; A. Do fiscal rules matter?; B. IMF program engagement; V. Concluding remarks; References; Appendix; Table A1: List of countries in the sample and number of national elections by country, 1990-2010 | |
| 505 | 8 | |a Table A2: Descriptive statistics. LICs sample, 1990-2010Table A3: Correlates of the participation into Fund programs in LICs; Regression results; Table 1. Estimates of the Political Budget Cycle across selected Fiscal Variables in LICs: 1990-2010; Table 2. Addressing the endogeneity of the election timing in LICs. 1990-2010; Table 3. Do fiscal rules and IMF programs dampen the Political Budget Cycle in LICs? | |
| 520 | 3 | |a Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal adjustment takes the form of increased revenue mobilization in trade taxes and cuts to government investment, with no significant cuts in government consumption. Using a new dataset on national fiscal rules and IMF programs, we find that both the presence of fiscal rules and IMF programs help dampen the magnitude of the political budget cycle in LICs. We conclude that elections not only imply a macroeconomic cost when they take place but also trigger a painful fiscal adjustment in which public investment is largely sacrificed | |
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Datensatz im Suchindex
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| author | Ebeke, Christian Ölçer, Dilan |
| author_GND | (DE-588)1050204727 |
| author_facet | Ebeke, Christian Ölçer, Dilan |
| author_role | aut aut |
| author_sort | Ebeke, Christian |
| author_variant | c e ce d ö dö |
| building | Verbundindex |
| bvnumber | BV048341463 |
| collection | ZDB-1-IMF |
| contents | Cover; Abstract; Content; I. Introduction; II. How is fiscal policy conducted over the election cycle? Preliminary evidence; A. Baseline specification and data; B. Baseline estimates; Composition of expenditures; Composition of tax revenues; Overall fiscal balance; III. Dealing with the endogeneity of election timing; IV. Domestic and international scrutiny; A. Do fiscal rules matter?; B. IMF program engagement; V. Concluding remarks; References; Appendix; Table A1: List of countries in the sample and number of national elections by country, 1990-2010 Table A2: Descriptive statistics. LICs sample, 1990-2010Table A3: Correlates of the participation into Fund programs in LICs; Regression results; Table 1. Estimates of the Political Budget Cycle across selected Fiscal Variables in LICs: 1990-2010; Table 2. Addressing the endogeneity of the election timing in LICs. 1990-2010; Table 3. Do fiscal rules and IMF programs dampen the Political Budget Cycle in LICs? |
| ctrlnum | (ZDB-1-IMF)768413257 (OCoLC)855906785 (DE-599)GBV768413257 |
| format | Electronic eBook |
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| id | DE-604.BV048341463 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:13Z |
| indexdate | 2024-07-10T09:35:20Z |
| institution | BVB |
| isbn | 9781475588514 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033720730 |
| oclc_num | 855906785 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (18, [5] Seiten) graph. Darst |
| psigel | ZDB-1-IMF |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | IMF |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Ebeke, Christian Verfasser (DE-588)1050204727 aut Fiscal policy over the election cycle in low-income countries Christian Ebeke and Dilan Ölçer Washington, DC IMF 2013 1 Online-Ressource (18, [5] Seiten) graph. Darst txt rdacontent c rdamedia cr rdacarrier IMF working paper 13/153 Description based upon print version of record Cover; Abstract; Content; I. Introduction; II. How is fiscal policy conducted over the election cycle? Preliminary evidence; A. Baseline specification and data; B. Baseline estimates; Composition of expenditures; Composition of tax revenues; Overall fiscal balance; III. Dealing with the endogeneity of election timing; IV. Domestic and international scrutiny; A. Do fiscal rules matter?; B. IMF program engagement; V. Concluding remarks; References; Appendix; Table A1: List of countries in the sample and number of national elections by country, 1990-2010 Table A2: Descriptive statistics. LICs sample, 1990-2010Table A3: Correlates of the participation into Fund programs in LICs; Regression results; Table 1. Estimates of the Political Budget Cycle across selected Fiscal Variables in LICs: 1990-2010; Table 2. Addressing the endogeneity of the election timing in LICs. 1990-2010; Table 3. Do fiscal rules and IMF programs dampen the Political Budget Cycle in LICs? Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal adjustment takes the form of increased revenue mobilization in trade taxes and cuts to government investment, with no significant cuts in government consumption. Using a new dataset on national fiscal rules and IMF programs, we find that both the presence of fiscal rules and IMF programs help dampen the magnitude of the political budget cycle in LICs. We conclude that elections not only imply a macroeconomic cost when they take place but also trigger a painful fiscal adjustment in which public investment is largely sacrificed Systemvoraussetzungen: Acrobat Reader Electronic books Ölçer, Dilan Verfasser aut http://elibrary.imf.org/view/IMF001/20623-9781475588514/20623-9781475588514/20623-9781475588514.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ebeke, Christian Ölçer, Dilan Fiscal policy over the election cycle in low-income countries Cover; Abstract; Content; I. Introduction; II. How is fiscal policy conducted over the election cycle? Preliminary evidence; A. Baseline specification and data; B. Baseline estimates; Composition of expenditures; Composition of tax revenues; Overall fiscal balance; III. Dealing with the endogeneity of election timing; IV. Domestic and international scrutiny; A. Do fiscal rules matter?; B. IMF program engagement; V. Concluding remarks; References; Appendix; Table A1: List of countries in the sample and number of national elections by country, 1990-2010 Table A2: Descriptive statistics. LICs sample, 1990-2010Table A3: Correlates of the participation into Fund programs in LICs; Regression results; Table 1. Estimates of the Political Budget Cycle across selected Fiscal Variables in LICs: 1990-2010; Table 2. Addressing the endogeneity of the election timing in LICs. 1990-2010; Table 3. Do fiscal rules and IMF programs dampen the Political Budget Cycle in LICs? |
| title | Fiscal policy over the election cycle in low-income countries |
| title_auth | Fiscal policy over the election cycle in low-income countries |
| title_exact_search | Fiscal policy over the election cycle in low-income countries |
| title_exact_search_txtP | Fiscal policy over the election cycle in low-income countries |
| title_full | Fiscal policy over the election cycle in low-income countries Christian Ebeke and Dilan Ölçer |
| title_fullStr | Fiscal policy over the election cycle in low-income countries Christian Ebeke and Dilan Ölçer |
| title_full_unstemmed | Fiscal policy over the election cycle in low-income countries Christian Ebeke and Dilan Ölçer |
| title_short | Fiscal policy over the election cycle in low-income countries |
| title_sort | fiscal policy over the election cycle in low income countries |
| url | http://elibrary.imf.org/view/IMF001/20623-9781475588514/20623-9781475588514/20623-9781475588514.xml |
| work_keys_str_mv | AT ebekechristian fiscalpolicyovertheelectioncycleinlowincomecountries AT olcerdilan fiscalpolicyovertheelectioncycleinlowincomecountries |