| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8622 |
| DP8622 Government Spending Cyclicality: Evidence from Rainfall Shocks as an Instrument for Cyclical Income | |
| Mark Gradstein; Markus Brückner | |
| 发表日期 | 2011-10-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This research revisits the cyclicality of fiscal policies. To identify and estimate more precisely the magnitude of a causal effect of cyclical income on government spending, we employ annual rainfall data as an instrument for national income in the context of sub-Saharan countries. Our results confirm procyclical behavior of government spending and of tax revenues; debt and deficit are found to be countercyclical. Specifically, government spending is procyclical during upturns and acyclical during downturns. We also find that its procyclicality is correlated with corruption, especially among democracies. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Fiscal policy Cyclicality |
| URL | https://cepr.org/publications/dp8622 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537457 |
| 推荐引用方式 GB/T 7714 | Mark Gradstein,Markus Brückner. DP8622 Government Spending Cyclicality: Evidence from Rainfall Shocks as an Instrument for Cyclical Income. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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