Arbeitspapier

Institutional Arrangements and Fiscal Performance: The Latin American Experience

This paper considers whether institutional factors, in this instance electoral systems and procedures, affect Latin American countries` fiscal performance as measured by the size of the public sector, fiscal deficits, the size of the public debt, and the degree of procyclality of fiscal policy. The authors find that electoral systems characterized by large district magnitude and high political fragmentation have larger governments, larger deficits, and more procyclical fiscal policies. Transparent and hierarchical budget procedures, on the other hand, lead to lower deficits and levels of debt.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 367

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Stein, Ernesto H.
Talvi, Ernesto
Grisanti, Alejandro
Event
Veröffentlichung
(who)
Inter-American Development Bank, Office of the Chief Economist
(where)
Washington, DC
(when)
1998

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Stein, Ernesto H.
  • Talvi, Ernesto
  • Grisanti, Alejandro
  • Inter-American Development Bank, Office of the Chief Economist

Time of origin

  • 1998

Other Objects (12)