EconStor >
The University of Nottingham >
Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/65471
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHalland, Håvarden_US
dc.contributor.authorBleaney, Michaelen_US
dc.date.accessioned2012-04-04en_US
dc.date.accessioned2012-10-24T12:02:28Z-
dc.date.available2012-10-24T12:02:28Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/65471-
dc.description.abstractThe procyclicality of fiscal policy that is prevalent in developing countries and emerging markets is well known. Its explanation is less clear. Recently, social inequality and the combination of corruption and democracy have been suggested as alternatives to the traditional explanation of these countries' exposure to boom-bust cycles in international credit markets. Differences in methodological approach are also partly responsible for diverging empirical results. In this paper, competing hypotheses are tested on a comprehensive set of measures of the cyclicality of fiscal policy. The evidence for corruption and democracy is stronger than for social inequality or net foreign debt, but the interpretation of this result is less obvious, since the index of corruption is closely correlated with poor credit ratings. In OECD countries, by contrast, the cyclicality of fiscal policy largely reflects the strength of automatic stabilizers.en_US
dc.language.isoengen_US
dc.publisherCentre for Research in Economic Development and International Trade, Univ. of Nottingham Nottinghamen_US
dc.relation.ispartofseriesCREDIT Research Paper 11/09en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal cyclicalityen_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordfiscal spaceen_US
dc.subject.keywordforeign debten_US
dc.subject.keywordincome inequalityen_US
dc.titleExplaining the procyclicality of fiscal policy in developing countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn689701942en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CREDIT Research Papers, The University of Nottingham

Files in This Item:
File Description SizeFormat
689701942.pdf700.36 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.