Essays on Fiscal Policy in Developing Countries

Essays on Fiscal Policy in Developing Countries

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The second chapter addresses potential endogeneity problems in the measurement of the fiscal stance. We build a novel quarterly dataset for 49 countries covering the period 1960-2006 and subject the data to a battery of econometric tests: instrumental variables, simultaneous equations, and time-series methods. We find that (i) fiscal policy is indeed procyclical in developing countries and (ii) fiscal policy is also expansionary, lending empirical support to the notion that qwhen it rains, it pours.qCHAPTER 2 ... Developing. Countries: Truth. or. Fiction? Over the last 10 years, a large and growing literature has argued that there is a fundamental diAcerence between how ...scal policy is conducted in developing countries compared to industrial ... In sharp contrast, the average correlation for G7 countries is zero. By nowanbsp;...

Title:Essays on Fiscal Policy in Developing Countries
Author: Ethan Oriel Ilzetzki
Publisher:ProQuest - 2009

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