The persistence of fiscal adjustments in developing countries

Sanjeev Gupta, Benedict Clements, Emanuele Baldacci and Carlos Mulas-Granados

Applied Economics Letters, 2004, vol. 11, issue 4, 209-212

Abstract: This study assesses effects of expenditure composition and other variables on the duration of fiscal adjustment episodes in a sample of 29 developing countries. Using survival analysis, the study finds that expenditure composition, size of the fiscal consolidation, and past performance on fiscal consolidation affect the persistence of adjustment.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:11:y:2004:i:4:p:209-212

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DOI: 10.1080/13504850410001674812

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