2011
DOI: 10.1016/j.jpubeco.2011.01.007
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Why are corrupt countries less successful in consolidating their budgets?

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Cited by 29 publications
(12 citation statements)
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“…On the other hand, cuts in public wages were the key ingredient of fiscal consolidations in which persistent reductions in primary budget deficits were achieved. Arin et al (2015) start with dataset used by Arin et al (2011) and re-estimate the determinants of successful fiscal consolidations, using semi-parametric methods. Their results show that the more governments rely on cutting expenditures, the more likely that they succeed in their consolidation attempts.…”
Section: Review Of the Empirical Literaturementioning
confidence: 99%
“…On the other hand, cuts in public wages were the key ingredient of fiscal consolidations in which persistent reductions in primary budget deficits were achieved. Arin et al (2015) start with dataset used by Arin et al (2011) and re-estimate the determinants of successful fiscal consolidations, using semi-parametric methods. Their results show that the more governments rely on cutting expenditures, the more likely that they succeed in their consolidation attempts.…”
Section: Review Of the Empirical Literaturementioning
confidence: 99%
“…This definition is also used by e.g. Alesina and Perotti,(1995), European Commission, (2007), Arin et al, (2012), Barrios et al, (2010). this happens in a period of consecutive years of sizeable improvements in the fiscal balance. Such fiscal consolidation episodes are closer to what OECD countries experience after the recent global financial crisis, when fiscal adjustments are likely to be multi-year processes.…”
Section: Data Descriptionmentioning
confidence: 99%
“…This approach is suggested by the original paper of Alesina and Perotti (1997) and is also followed in subsequent studies, e.g. Arin et al (2012). Other studies use slightly different criteria.…”
Section: Successmentioning
confidence: 99%
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