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The form of government and fiscal dynamics

Jørgen Andersen ()

European Journal of Political Economy, 2011, vol. 27, issue 2, 297-310

Abstract: Using a combination of time series variation in oil prices and cross-section variation in the oil intensity of countries, this paper investigates whether exogenous shifts in the government revenues affect the government expenditures differently depending on the political institutions of the form of government. Comparing the fiscal policy dynamics in parliamentary and presidential systems, a main finding is that the government expenditures appear more responsive to shifts in the revenues when the form of government is presidential.

Keywords: Political; economy; Constitutions; Fiscal; policy; Fiscal; dynamics; Oil; price (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:27:y:2011:i:2:p:297-310

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European Journal of Political Economy is currently edited by J. De Haan, A. L. Hillman and H. W. Ursprung

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