Do National Numerical Fiscal Rules really shape fiscal behaviours in developing countries? A treatment effect evaluation

被引：38
|
作者：
Tapsoba, Rene [1 ]
机构：
[1] Univ Auvergne, CERDI, CNRS, F-63000 Clermont Ferrand, France
来源：
ECONOMIC MODELLING | 2012年 / 29卷 / 04期
关键词：
Fiscal Rules; Fiscal discipline; Treatment effect; Propensity scores-matching; Developing countries; BUDGET INSTITUTIONS; PERFORMANCE; DIFFERENCE;
D O I：
10.1016/j.econmod.2012.03.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2012 Elsevier B.V. All rights reserved.
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页码：1356 / 1369
页数：14
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