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Fiscal decentralization and deficits: International evidence [PDF]
European Journal of Political Economy, 2010 Abstract This paper investigates macroeconomic effects of fiscal decentralization, which has been a neglected area of research. Panel evidence for 16 countries over 1980–1998 indicates that expenditure and revenue decentralization reduce budget deficits.
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Assessing the short-and long-run relationships between fiscal deficit and economic growth in Morocco [PDF]
Public and Municipal FinanceType of the article: Research Article AbstractThis paper aims to investigate the short- and long-term relationships between fiscal deficit and economic growth in Morocco over the period 1985–2024.
Mohammed Hennach, Abdellah Echaoui
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Fiscal Deficits and Currency Crises [PDF]
SSRN Electronic Journal, 2003 This paper investigates currency and financial crises in an optimizing general equilibrium model. It is shown that a rise in current and expected future budget deficits generates a real exchange rate appreciation and a decumulation of external assets, leading up to a currency crisis when foreign reserves approximate a critical level.
Giancarlo Marini, Giovanni Piersanti
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The asymmetric effect of fiscal deficits on macroeconomic stability in Nigeria: evidence from nonlinear autoregressive distributed lag (NARDL) [PDF]
International Trade, Politics and DevelopmentPurpose – The paper examines the asymmetric effects of fiscal deficits on selected macroeconomic variables in Nigeria, which include economic growth, exchange rates and inflation. The existing works of literature are premised on symmetry assumptions with
Adebayo Adedokun +2 more
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Determinants of Budget Deficit in Nigeria
Journal of International Business, Economics and Entrepreneurship, 2021 This paper investigates the factors governing the determination of budget deficit in Nigeria from 1981q1 through 2016q4. Our methodology is based on Johansen cointegration and Vector Error Correction model (VECM) approach.
Maimuna M. Shehu, Ibrahim M. Adamu
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Deviations between Government Debt and Changes in Government Deficit, Why They Tend to Persist [PDF]
Statistika: Statistics and Economy Journal, 2022 Government deficit and debt represent one of the most prominent statistical aggregates playing a major role in the fiscal surveillance and in the assessment of fiscal sustainability.
Václav Rybáček
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Economic, political and institutional determinants of fiscal deficit [PDF]
Zbornik Radova: Pravni Fakultet u Novom Sadu, 2017 This paper seeks basic economic and political causes of instability and rising fiscal deficit. Economic factors that may cause the appearance and increase in the fiscal deficit are: growth of current public spending, launching public investments, tax ...
Vuković Marija R.
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Fiscal Rules and Effective Fiscal Policy
Comparative Economic Research, 2012 This article examines and assesses the influence of political factors on the effectiveness of pursuing fiscal policy. These factors usually cause and maintain a high budget deficit and public debt.
Joanna Działo
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Commitment, Deficit Ceiling, and Fiscal Privilege [PDF]
FinanzArchiv, 2014 This study analyzes how commitment to a deficit ceiling can affect private agents political efforts, as well as overall welfare, in a hard- and a soft-budget regime, using a two-period model simulating a present and a future generation and a government. In the hard-budget regime, the government imposes the deficit ceiling before the present generations
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Political business cycle and fiscal discipline in Sub-Saharan Africa
European Journal of Government and Economics, 2021 We tested the Political Business Cycle theory in Sub-Sahara Africa. To provide an empirical explanation for this nexus, this paper used unbalanced panel data from thirty-six (36) Sub-Saharan African countries between 1990 and 2018. The system Generalized
Funsho Obakemi +3 more
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