Fiscal policy in developing countries: Do governments wish to have procyclical fiscal reactions?

André Gbato ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study aimed to analyze the intentionally fiscal position of the governments of developing countries. Our results suggest that a significant proportion of developing countries adopts counter-cyclical positions. However, forecasting errors weak their positions. Results lead to conclude that if developing countries want to increase the effectiveness of their fiscal policies, they must build the skills of their forecast offices, and enhance the political and institutional framework governing the budget process.

Keywords: Fiscal policy; Real Time Data; Developing countries; Generalized moment method, Revision errors (search for similar items in EconPapers)
JEL-codes: C23 E30 E62 H30 H60 (search for similar items in EconPapers)
Date: 2017-08-19
New Economics Papers: this item is included in nep-mac, nep-pol and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:80881

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