Government spending effectiveness and the quality of fiscal institutions

Aygun Garayeva and Gulzar Tahirova

MPRA Paper from University Library of Munich, Germany

Abstract: The cyclical behaviors of government spending and output are investigated for the time period 1996-2013, in the sample of 45 countries divided between 3 groups of countries – Western European, Eastern European and CIS countries – with each one of these groups representing a different development stage. Panel data fixed effects model was used for estimation purposes. In developed countries the main determinant of government spending effectiveness is found to be institutional quality, but access to financial markets is more pronounced in developing countries.

Keywords: fiscal policy; procyclicality; institutional quality; panel data; fixed effects (search for similar items in EconPapers)
JEL-codes: D73 E02 E32 E62 (search for similar items in EconPapers)
Date: 2016-06
New Economics Papers: this item is included in nep-cis, nep-fdg, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Government Spending Effectiveness and The Quality of Fiscal Institutions (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:72177

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