| Titre : |
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Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation |
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| Auteur(s) : |
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Rene Tapsoba 1 |
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| Laboratoire : |
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| Langue : |
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Anglais |
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| Résumé : |
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This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990-2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the effect of FRs on structural fiscal balance is significantly positive, robust to a variety of alternative specifications, and varies with the type of FRs. It also finds that the treatment effect differs according to countries characteristics: number of FRs, time length since FRs adoption, presence of supranational FRs, government fractionalisation and government stability. |
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| Type de publication : |
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Preprint, Working Paper, Document sans référence, etc. |
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| Discipline : |
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Sciences de l'Homme et Société/Economie et finances
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| Mots-Clés : |
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Fiscal rules – Fiscal discipline – Treatment effect – Propensity Scores-Matching – developing countries |
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| Mots Clés du JEL : |
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| H - Public Economics/H1 - Structure and Scope of Government/H11 - Structure – Scope – and Performance of Government |
| H - Public Economics/H6 - National Budget – Deficit – and Debt/H61 - Budget – Budget Systems |
| H - Public Economics/H6 - National Budget – and Debt/H62 - Deficit – Surplus |
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| Référence interne : |
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2012.04 |
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