Evolution and Rationality of Budget Institutions in Colombia

Hommes, Rudolf

doi:10.2139/ssrn.1815947

Cited by 21 publications

(2 citation statements)

References 6 publications

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“…The long-term evolution of the budget institutions in Colombia, studied by Hommes (1996), also offers examples of the permanence of budgetary rules. For example, the Constitution of 1886, which laid out the basis for the budget process, established that the government could increase expenditures during periods when the legislature was not in session, provided these increases were judged to be "unavoidable."…”

Section: The Question Of Endogeneitymentioning

confidence: 99%

Institutional Arrangements and Fiscal Performance: The Latin American Experience

1998

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As we shall see later, in addition to income per capita, the degree of openness of an economy to international trade, the degree of indebtedness, and the age distribution of the population are other important determinants of the size of government. 4. We report here the median rather than the average due to the existence of outliers in Latin America, such as Nicaragua and Guyana, two small countries that are very highly indebted. For the OECD countries, the median and the mean are virtually the same. The average for Latin American countries is reported in table 5.1. 5. The same association can he found in the case of subnational governments in the United States and Canada.

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Section: The Question Of Endogeneitymentioning

confidence: 99%

Institutional Arrangements and Fiscal Performance: The Latin American Experience

1998

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“…En ese sentido, si bien la introducción en la Constitución de 1991, de la obligación de que en el proyecto de presupuesto se preserve la consistencia macroeconómica, habría representado un importante avance (Hommes, 1996); todavía falta mucho por hacer para aumentar su transparencia. Por ejemplo, obligando al Gobierno a que incluya el costo de la parafiscalidad, y el de las exenciones, entre otros muchos.…”

Section: El Debate Presupuestariounclassified

El control multinivel del gasto público en Colombia: propuestas de reforma institucional para la gobernanza

Navas¹

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por apoyar este proyecto investigativo, que pretende aportar al país, y a su aún incipiente sociedad, en la construcción de conocimiento sobre si mismo, que pueda ser útil para desvelar las fallas en su institucionalidad que ha impedido su Desarrollo.A mi familia, Olga, compañera infatigable de este sorprendente viaje al que llamamos Vida, y mis hijos Javier y Daniel Felipe, por servirme de inspiración y de pretexto para avanzar, con optimismo, y sin detenerme, aún, o, más bien, en especial, en los necesarios momentos en los que sólo, o en su compañía hemos enfrentado los retos que nos imponen las dificultades, tan comunes en nuestro medio, pero de las que tanto aprendemos, y nos sirven para probarnos y sacar lo mejor de nosotros mismos.A Elssa, Nidia y Claudia por revelarme, con su ejemplo, la importancia de la educación en la trasformación de las personas y de las sociedades.

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Global Capital and National Governments

Mosley

2001

431

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Global Capital and National Governments, first published in 2003, suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Global Capital and National Governments draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.

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Evolution and Rationality of Budget Institutions in Colombia

Cited by 21 publications

References 6 publications

Institutional Arrangements and Fiscal Performance: The Latin American Experience

Institutional Arrangements and Fiscal Performance: The Latin American Experience

El control multinivel del gasto público en Colombia: propuestas de reforma institucional para la gobernanza

Global Capital and National Governments

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