Fragmented Politics and Public Debt.:
In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes. Corrupt...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C., UNITED STATES :
INTERNATIONAL MONETARY FUND,
2016.
|
| Schriftenreihe: | IMF Working Papers.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption, political fragmentation has a bigger sway on debt increases. The influence of political fragmentation on debt dynamics is somewhat asymmetric, with larger and more significant effects during periods of debt reduction. Establishment of fiscal councils helps attenuate the negative impact of political fragmentation on public debt dynamics. |
| Beschreibung: | 1 online resource (32) |
| ISBN: | 1475538162 1475537026 9781475537024 9781475538168 |
Internformat
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| 100 | 1 | |a Crivelli, Ernesto. | |
| 245 | 1 | 0 | |a Fragmented Politics and Public Debt. |
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| 505 | 0 | |a Cover; Fragmented Politics and Public Debt; 1. Introduction; 2. Literature Review; 3. Empirical Model and Data; 4. Main Results; 5. Robustness tests; 6. Concluding remarks and policy implications; Appendix 1. Countries in the Sample; Appendix 2. Other Results; References. | |
| 520 | 3 | |a In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption, political fragmentation has a bigger sway on debt increases. The influence of political fragmentation on debt dynamics is somewhat asymmetric, with larger and more significant effects during periods of debt reduction. Establishment of fiscal councils helps attenuate the negative impact of political fragmentation on public debt dynamics. | |
| 650 | 0 | |a Debts, Public |x Econometric models. | |
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| 650 | 7 | |a Debts, Public |x Econometric models |2 fast | |
| 776 | 0 | 8 | |i Print version: |a Crivelli, Ernesto. |t Fragmented Politics and Public Debt. |d Washington, D.C. : International Monetary Fund,2016 |z 9781475537024 |
| 830 | 0 | |a IMF Working Papers. | |
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| author | Crivelli, Ernesto |
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| contents | Cover; Fragmented Politics and Public Debt; 1. Introduction; 2. Literature Review; 3. Empirical Model and Data; 4. Main Results; 5. Robustness tests; 6. Concluding remarks and policy implications; Appendix 1. Countries in the Sample; Appendix 2. Other Results; References. |
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| dewey-sort | 3336.34015195400002 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:25Z |
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| isbn | 1475538162 1475537026 9781475537024 9781475538168 |
| language | English |
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| series | IMF Working Papers. |
| spelling | Crivelli, Ernesto. Fragmented Politics and Public Debt. Washington, D.C., UNITED STATES : INTERNATIONAL MONETARY FUND, 2016. 1 online resource (32) text txt rdacontent computer c rdamedia online resource cr rdacarrier Print version record. Cover; Fragmented Politics and Public Debt; 1. Introduction; 2. Literature Review; 3. Empirical Model and Data; 4. Main Results; 5. Robustness tests; 6. Concluding remarks and policy implications; Appendix 1. Countries in the Sample; Appendix 2. Other Results; References. In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption, political fragmentation has a bigger sway on debt increases. The influence of political fragmentation on debt dynamics is somewhat asymmetric, with larger and more significant effects during periods of debt reduction. Establishment of fiscal councils helps attenuate the negative impact of political fragmentation on public debt dynamics. Debts, Public Econometric models. Dettes publiques Modèles économétriques. Debts, Public Econometric models fast Print version: Crivelli, Ernesto. Fragmented Politics and Public Debt. Washington, D.C. : International Monetary Fund,2016 9781475537024 IMF Working Papers. FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1364090 Volltext |
| spellingShingle | Crivelli, Ernesto Fragmented Politics and Public Debt. IMF Working Papers. Cover; Fragmented Politics and Public Debt; 1. Introduction; 2. Literature Review; 3. Empirical Model and Data; 4. Main Results; 5. Robustness tests; 6. Concluding remarks and policy implications; Appendix 1. Countries in the Sample; Appendix 2. Other Results; References. Debts, Public Econometric models. Dettes publiques Modèles économétriques. Debts, Public Econometric models fast |
| title | Fragmented Politics and Public Debt. |
| title_auth | Fragmented Politics and Public Debt. |
| title_exact_search | Fragmented Politics and Public Debt. |
| title_full | Fragmented Politics and Public Debt. |
| title_fullStr | Fragmented Politics and Public Debt. |
| title_full_unstemmed | Fragmented Politics and Public Debt. |
| title_short | Fragmented Politics and Public Debt. |
| title_sort | fragmented politics and public debt |
| topic | Debts, Public Econometric models. Dettes publiques Modèles économétriques. Debts, Public Econometric models fast |
| topic_facet | Debts, Public Econometric models. Dettes publiques Modèles économétriques. Debts, Public Econometric models |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1364090 |
| work_keys_str_mv | AT crivelliernesto fragmentedpoliticsandpublicdebt |