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Fiscal Indicators

John Anderson ()

Chapter Chapter 4 in The Design and Use of Political Economy Indicators, 2008, pp 57-79 from Palgrave Macmillan

Abstract: Abstract Interest in cross-country comparisons of fiscal conditions has heated up in recent years for two primary reasons. First, the transition of former centrally planned economies to market orientation in the 1990s brought with it a concern for fiscal reform and an examination of the fundamental institutions on which a market economy is built. Fundamental reform of each country’s fiscal system was necessary in order to facilitate economic transformation. Consequently, researchers began to construct various indices of fiscal reform and use those indices to analyze effects of fiscal reform. Second, with advances in globalization, increasing mobility of capital, and growing international trade flows, there is greater concern for examining the fiscal conditions across countries. Since both fiscal conditions and the quality of institutions can have direct impacts on economic growth and development, policy analysts have been intent on measuring and describing cross-country variations.

Keywords: Transition Country; Fiscal Reform; Economic Freedom Index; Fiscal Condition; Total Government Revenue (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230616622_4

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Handle: RePEc:pal:palchp:978-0-230-61662-2_4