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Author: S. Fabrizio
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
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Book Description
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process - that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable.
Author: S. Fabrizio
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
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Book Description
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process - that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable.
Author: Ashoka Mody
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable.
Author: Victor Duarte Lledo
Publisher: International Monetary Fund
ISBN: 1451982232
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countries, across regions, and according to different institutional arrangements that deliver good fiscal performance. Using the constructed indices, the paper provides preliminary empirical support for the hypotheses that strong budget institutions help improve fiscal balances and public external debt outcomes; and countries with stronger fiscal institutions have better scope to conduct countercyclical policies.
Author: Kamiar Mohaddes
Publisher: Oxford University Press, USA
ISBN: 0198822227
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
For over eighty years the Arab region has been deriving massive wealth from its natural resources. Nevertheless, its economic performance has been at the mercy of ebbs and flows of oil prices and its resources have been slowly depleting. The two critical questions are why and how Arab countries might escape the oil curse. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies focuses on the unique features of the Arab world to explain the disappointing outcomes of macroeconomic policy. It explores the interaction between oil and institutions to draw policy recommendations on how Arab countries can best exploit their oil revenues to avoid the resource curse. Case studies and contributions from experts provide an understanding of macroeconomic institutions (including their underlying rules, procedures and institutional arrangements) in oil-rich Arab economies and of their political economy environment, which has largely been overlooked in previous research. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies offers novel macroeconomic policy propositions for exchange rate regimes, fiscal policy and oil wealth distribution that is more consistent with macroeconomic stability and fiscal sustainability. These policy reforms, if implemented successfully, could go a long way in helping the resource-rich countries of the Arab region and elsewhere to avoid the oil curse.
Author: Tsani, Stella
Publisher: Edward Elgar Publishing
ISBN: 1789908779
Category : Political Science
Languages : en
Pages : 432
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Book Description
This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.
Author: James A. Caporaso
Publisher: Oxford University Press
ISBN: 0191072389
Category : Political Science
Languages : en
Pages : 304
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Book Description
This is the first book to provide a full and dispassionate account of the politics and economics of the Eurozone crisis, focusing on the interlinked origins and impacts of the Euro-Zone crisis and the policy responses to it. The book is distinguished from existing research by its avoidance (and rejection) of the too-often simplistic analysis that has characterized political, media and regrettably some academic coverage, and by its attempt to escape from the tyranny of day-to-day events and short-term developments. Each of the contributors identifies an important question and undertakes a careful empirical, theoretically-informed analysis that produces novel perspectives. Together they seek to balance many of the existing accounts that have rushed to sometimes unwarranted conclusions, concerning, for example, the locus of institutional power in European crisis-management; the power and centrality of particular member states, notably Germany which has been attributed with 'hegemonic' status; the supposed entrapment of EU policy makers by an 'austerity ideology'; and the deep flaws that apparently afflict the solutions to the crisis put painstakingly in place, such as Banking Union. While it will be some time before the EU can put the crisis behind it, and the dust finally settles on the revised institutional system that emerges, The Political and Economic Dynamics of the Eurozone Crisis marks an important step towards a considered, reflective analysis of the tumultuous events and developments of the crisis period.
Author: J. Wehner
Publisher: Springer
ISBN: 0230281575
Category : Political Science
Languages : en
Pages : 183
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Book Description
What is the role of legislatures in the budget process? Do powerful assemblies give rise to pro-spending bias? This survey of legislative budgeting tackles these questions using cross-national data and case studies. It highlights the tension between legislative authority and prudent fiscal policy, exploring strategies for reconciliation.
Author: Len Verwey
Publisher: African Books Collective
ISBN: 1920409343
Category : Social Science
Languages : en
Pages : 112
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Book Description
Effective and transparent government budgeting is vital to any democracy. In South Africa, massive poverty, inequality and unemployment remain, despite the successful political transformation, citizens and Parliament have a particularly important role to play in shaping budget policy and overseeing its implementation. South Africa reached a crossroads in fiscal governance when it passed the Money Bills Amendment Act in 2009, a law which granted Parliament strong powers to amend the budget prepared by the executive. This publication explores the content of the new law as well as the challenges and opportunities arising from it. It also discusses the role of Parliament in ensuring pro-poor budgeting. Good fiscal governance is too important for the wellbeing of South Africans to not be a part of our public conversations.
Author: Shane Martin
Publisher: Oxford Handbooks
ISBN: 0199653011
Category : Political Science
Languages : en
Pages : 785
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Book Description
Over the past five years, legislative studies have emerged as a field of inquiry in political science. Many political science associations, both national and international, have created standing sections on legislative studies. There has also been a proliferation of literature on legislatures and legislators. This book focuses on legislatures and how they matter, how they have adapted to changes such as globalization and judicialization, and how they have survived the transition to mass democracies.
Author: Eisaku Ide
Publisher: Routledge
ISBN: 1317575873
Category : Political Science
Languages : en
Pages : 286
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Book Description
Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to the financial crisis, the fiscal fates of countries have been diverging, despite predictions that pressures from economic globalization push countries toward more convergent fiscally conservative policies. Featuring the work of an international interdisciplinary team of scholars, this volume explains patterns of fiscal performance (persistent patterns of budget deficits and government debt) from the 1970s to the present across seven countries – France, Italy, Germany, Japan, South Korea, Sweden, and the United States. Employing a comparative case study approach, seldom employed in studies of fiscal performance, contributions illuminate the complex causal factors often overlooked by quantitative studies and advances our theoretical understanding of fiscal performance. Among other things, the cases highlight the role of taxpayer consent, tax structure, the welfare state, organization of interests, and labor and financial markets in shaping fiscal outcomes. A necessary resource to understand a broader array of factors that shape fiscal outcomes in specific national contexts, this book will reinvigorate the study of fiscal performance.
