Politics, Government Size, and Fiscal Adjustment in Industrial Countries:
It is now well established that political and institutional factors matter for fiscal outcomes. Following a review of the literature, this paper examines the relationship between a variety of political-institutional variables and fiscal aggregates-encompassing the overall balance as well as expendit...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2002
|
| Series: | IMF Working Papers
Working Paper No. 02/162 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | It is now well established that political and institutional factors matter for fiscal outcomes. Following a review of the literature, this paper examines the relationship between a variety of political-institutional variables and fiscal aggregates-encompassing the overall balance as well as expenditure and revenue and their various components-across 19 industrial countries over the past two decades. It finds strong effects on fiscal policy from such factors as type of electoral system, degree of legislative or government fragmentation, and stability of government. Some of the strongest results emerge for certain components of expenditure, such as transfers, and for the balance between labor and consumption taxation. There are clear relationships between the type of political system and choice of tax and expenditure system. The paper also examines fiscal adjustment since the late 1980s in light of these political factors, finding some evidence of a reversal in trend, but only when growth has been high or when debt has become problematic |
| Physical Description: | 1 Online-Ressource (36 p) |
| ISBN: | 1451857888 9781451857887 |
Staff View
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| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
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| spelling | Annett, Anthony Verfasser aut Politics, Government Size, and Fiscal Adjustment in Industrial Countries Annett, Anthony Washington, D.C International Monetary Fund 2002 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/162 It is now well established that political and institutional factors matter for fiscal outcomes. Following a review of the literature, this paper examines the relationship between a variety of political-institutional variables and fiscal aggregates-encompassing the overall balance as well as expenditure and revenue and their various components-across 19 industrial countries over the past two decades. It finds strong effects on fiscal policy from such factors as type of electoral system, degree of legislative or government fragmentation, and stability of government. Some of the strongest results emerge for certain components of expenditure, such as transfers, and for the balance between labor and consumption taxation. There are clear relationships between the type of political system and choice of tax and expenditure system. The paper also examines fiscal adjustment since the late 1980s in light of these political factors, finding some evidence of a reversal in trend, but only when growth has been high or when debt has become problematic Online-Ausg http://elibrary.imf.org/view/IMF001/05317-9781451857887/05317-9781451857887/05317-9781451857887.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Annett, Anthony Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title | Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title_auth | Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title_exact_search | Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title_exact_search_txtP | Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title_full | Politics, Government Size, and Fiscal Adjustment in Industrial Countries Annett, Anthony |
| title_fullStr | Politics, Government Size, and Fiscal Adjustment in Industrial Countries Annett, Anthony |
| title_full_unstemmed | Politics, Government Size, and Fiscal Adjustment in Industrial Countries Annett, Anthony |
| title_short | Politics, Government Size, and Fiscal Adjustment in Industrial Countries |
| title_sort | politics government size and fiscal adjustment in industrial countries |
| url | http://elibrary.imf.org/view/IMF001/05317-9781451857887/05317-9781451857887/05317-9781451857887.xml |
| work_keys_str_mv | AT annettanthony politicsgovernmentsizeandfiscaladjustmentinindustrialcountries |