Budget Institutions And Fiscal Performance In Latin America
DOWNLOAD
Download Budget Institutions And Fiscal Performance In Latin America PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Budget Institutions And Fiscal Performance In Latin America book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Budget Institutions And Fiscal Performance In Latin America
DOWNLOAD
Author : Alberto Alesina
language : en
Publisher:
Release Date : 1998
Budget Institutions And Fiscal Performance In Latin America written by Alberto Alesina and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Budget categories.
Institutional Arrangements And Fiscal Performance
DOWNLOAD
Author : Ernesto Stein
language : en
Publisher:
Release Date : 1998
Institutional Arrangements And Fiscal Performance written by Ernesto Stein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Budget deficits categories.
This paper explores the links between institutional arrangements and fiscal performance in Latin America. We consider four measures of fiscal performance, namely expenditures, the size of fiscal deficits and debt, and the response of fiscal policy to business fluctuations; and two institutional dimensions, namely, electoral systems and budgetary processes. We find evidence that electoral systems characterized by a large degree of proportionality large district magnitude, tend to have larger governments, larger deficits and a more procyclical response to the business cycle. We also find that more transparent and hierarchical budgetary procedures lead to lower deficits and debt. Contrary to the findings of Hallerberg and von Hagen for European countries, we find no evidence that centralized budgetary arrangements neutralize the potentially adverse impact on fiscal deficits of a larger degree of proportionality of the electoral system.
Fiscal Institutions And Fiscal Performance
DOWNLOAD
Author : James M. Poterba
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Fiscal Institutions And Fiscal Performance written by James M. Poterba and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Political Science categories.
The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic developments within a specific country. Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models, empirical evidence, and a series of in-depth case studies to analyze the effect of political institutions, fiscal regulations, and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues involved and highlights the role of budgetary institutions in the formation of budget deficits.
Development Centre Seminars Democracy Decentralisation And Deficits In Latin America
DOWNLOAD
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 1998-03-09
Development Centre Seminars Democracy Decentralisation And Deficits In Latin America written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-03-09 with categories.
What is the impact of political decentralisation in Latin America? This book considers the problems raised by political decentralisation in the region and identifies the challenges ahead. Political decentralisation tends to devolve a certain amount ...
The Fiscal Institutions Of Tomorrow
DOWNLOAD
Author : Mario Sanginés
language : en
Publisher: Inter-American Development Bank
Release Date : 2013-10-07
The Fiscal Institutions Of Tomorrow written by Mario Sanginés and has been published by Inter-American Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-07 with Business & Economics categories.
The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal institutions with a view to the future and with policy recommendations. This publication serves as reference material for policymakers and economic analysts interested in studying the evolution of fiscal institutions in the region and identifying areas to improve governance.
Budget Rigidity In Latin America And The Caribbean
DOWNLOAD
Author : Santiago Herrera
language : en
Publisher: World Bank Publications
Release Date : 2020-04-23
Budget Rigidity In Latin America And The Caribbean written by Santiago Herrera and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-23 with Business & Economics categories.
Policy makers in Latin America and the Caribbean (LAC) often complain that poor fiscal performance in their countries is a result of a high degree of spending rigidity. Despite being a common complaint, the issue has remained largely ignored by the literature because of the lack of adequate measures of rigidity that allow cross-country and time series comparability. This report helps close this gap by introducing a new measure of spending rigidities that can be easily applied to multiple countries. It focuses on the categories of spending that are naturally inflexible--wages, pensions, transfers to subnational governments, and debt service--and separates them into two components: structural and nonstructural. The structural component is determined by economic, demographic, and institutional fundamentals. The nonstructural component is determined by short-run transitory factors associated with business and political cycles. The degree of rigidity of spending is then proxied by the ratio of structural spending to total spending, with a higher value indicating that spending is driven mostly by factors out of the policy makers’ control. This concept of rigidity was applied to 120 countries for the years 2000†“17 and produced several interesting results: • Advanced economies and developing countries in other regions have higher levels of rigidity than countries in LAC. • The sources of rigidity vary by country. • Higher rigidity is associated with higher spending levels, higher tax rates, higher public debt, and lower efficiency of public spending. • Rigidity has pervasive effects on fiscal sustainability, increasing the country’s financing needs and reducing the probability of the country starting a fiscal adjustment. Given these pervasive effects of spending rigidity, the report concludes by discussing several policies to contain the sources of rigidity in the long term, ranging from the importance of deepening the pension reform process to the need of establishing strong fiscal institutions promoting medium-term fiscal planning.
Who Decides The Budget A Political Economy Analysis Of The Budget Process In Latin America
DOWNLOAD
Author : Carlos Scartascini
language : en
Publisher: Inter-American Development Bank
Release Date : 2009-01-01
Who Decides The Budget A Political Economy Analysis Of The Budget Process In Latin America written by Carlos Scartascini and has been published by Inter-American Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.
This book presents a new framework for analyzing the political economy of budget processes in Latin America that is based on the following premises: i) the budget process must be considered as part of the overall policymaking process rather than in isolation; ii) budget outcomes cannot be fully explained on the basis of only one or two political or institutional dimensions; iii) actual practices must be considered as well as formal rules; iv) budget processes affect dimensions of fiscal outcomes besides fiscal sustainability, particularly efficiency, adaptability, and representativeness; v) political actors and their incentives must be considered at different stages of the policymaking process and in different institutional contexts. Case studies are presented for eight countries in the region, and a final chapter presents conclusions and suggestions for further research.
Fiscal Decentralization And Budget Control
DOWNLOAD
Author : Laura von Daniels
language : en
Publisher: Edward Elgar Publishing
Release Date : 2016-03-25
Fiscal Decentralization And Budget Control written by Laura von Daniels and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-25 with Business & Economics categories.
How can governments control spending pressure from influential groups, often representing powerful regional interests? This book is concerned with institutional solutions that allow modern nation states to balance historically grown cultural, political and economic diversity. Laura von Daniels combines different literatures in economics and political science, and draws on interviews with former government leaders, and country experts from international organizations. She applies this research to topics such as fiscal institutions and budget balances, presenting a critical review of different institutional approaches to resolving fiscal imbalances and public indebtedness. Students and scholars of various disciplines, including politics, public and social policy, economics and business will find the discussions and detailed description of institutional reforms in emerging market nations to be of use to their research. It will also be of interest to practitioners working on fiscal decentralization and budget control.
Budget Rigidity In Latin America And The Caribbean
DOWNLOAD
Author : Santiago Herrera
language : en
Publisher:
Release Date : 2020
Budget Rigidity In Latin America And The Caribbean written by Santiago Herrera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Caribbean Area categories.
Policy makers in Latin America and the Caribbean often complain that poor fiscal performance in their countries is a result of a high degree of spending rigidity. Despite being a common complaint, the issue has remained largely ignored by the literature because of the lack of adequate measures of rigidity that allow cross-country and time series comparability. This report helps close this gap by introducing a new measure of spending rigidities that can be easily applied to multiple countries. It focuses on the categories of spending that are naturally inflexible-- wages, pensions, transfers to subnational governments, and debt service-- and separates them into two components: structural and nonstructural. The structural component is determined by economic, demographic, and institutional fundamentals. The nonstructural component is determined by short-run transitory factors associated with business and political cycles. The degree of rigidity of spending is then proxied by the ratio of structural spending to total spending, with a higher value indicating that spending is driven mostly by factors out of the policy makers' control. This concept of rigidity was applied to 120 countries and produced several interesting results: • Advanced economies and developing countries in other regions have higher levels of rigidity than countries in LAC. • The sources of rigidity vary by country. • Higher rigidity is associated with higher spending levels, higher tax rates, higher public debt, and lower efficiency of public spending. • Rigidity has pervasive effects on fiscal sustainability, increasing the country's financing needs and reducing the probability of the country starting a fiscal adjustment. Given these pervasive effects of spending rigidity, the report concludes by discussing several policies to contain the sources of rigidity in the long term, ranging from the importance of deepening the pension reform process to the need of establishing strong fiscal institutions promoting medium-term fiscal planning.
Public Financial Management In Latin America
DOWNLOAD
Author : Mario Pessoa
language : en
Publisher: Inter-American Development Bank
Release Date : 2015-08-24
Public Financial Management In Latin America written by Mario Pessoa and has been published by Inter-American Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-24 with Political Science categories.
The efficiency, effectiveness, and transparency of public financial management in Latin America is critical for the supervision of public resources, fiscal stability, and sustainable economic development. In recent years, the countries of Latin America have embraced reforms in public financial management and have made many important advances; however, many challenges remain. This book brings together the knowledge and experiences of IMF and IDB staff and representatives from 16 governments in the region to document these reforms, and examines the experiences and lessons learned. It is a valuable resource for those looking at issues in public financial management.