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Fiscal Policy Cycles and the Public Expenditure in Developing Countries / World Trade Organization.
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View online- Format:
- Book
- Government document
- Author/Creator:
- World Trade Organization.
- Series:
- WTO Working Papers, 25189808 ; no.1998/06.
- WTO Working Papers, 25189808 ; no.1998/06
- Language:
- English
- Subjects (All):
- Economic research and trade policy analysis.
- Trade finance.
- Local Subjects:
- Economic research and trade policy analysis.
- Trade finance.
- Physical Description:
- 1 online resource (22 pages).
- Place of Publication:
- Geneva : World Trade Organization, 1998.
- System Details:
- text file
- Summary:
- The paper studies empirically the fiscal policy instruments by which governments try to influence election outcomes in 24 developing countries for the 1973-1992 period. The study finds that the main vehicle for expansionary fiscal policies around elections is increasing public expenditure rather than lowering taxes, and public investment cycles seem particularly prominent. Institutional mechanisms which constrain discretionary expenditure policies and which strengthen fiscal control are therefore worthwhile considering to prevent opportunistic policy making around elections.
- Access Restriction:
- Restricted for use by site license.
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