Performance budgeting: effects on government debt and economic growth
Illoong Kwon ()
Applied Economics Letters, 2018, vol. 25, issue 6, 388-392
Abstract:
This article examines the effects of performance budgeting on government debt and economic growth rates. The results show that countries with a higher share of ministries using performance targets in budget negotiation tend to have lower government debt and higher GDP growth rates. A simple fixed-effect model shows similar results. The evidence suggests that these results hold only in those countries with relatively lower corruption.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:25:y:2018:i:6:p:388-392
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DOI: 10.1080/13504851.2017.1324607
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