EconPapers    
Economics at your fingertips  
 

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

René Tapsoba

Economic Modelling, 2012, vol. 29, issue 4, 1356-1369

Abstract: 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.

Keywords: Fiscal Rules; Fiscal discipline; Treatment effect; Propensity scores-matching; Developing countries (search for similar items in EconPapers)
JEL-codes: H11 H61 H62 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (73)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999312000594
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation (2012) Downloads
Working Paper: Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation (2012) Downloads
Working Paper: Do national numerical fiscal rules really shape fiscal behaviours in developing countries? A treatment effect evaluation (2012)
Working Paper: Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:4:p:1356-1369

DOI: 10.1016/j.econmod.2012.03.003

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:ecmode:v:29:y:2012:i:4:p:1356-1369