Fiscal policy institutions and history

descriptionPublicationkeyboard_double_arrow_right Article , Preprint 01 Jun 2012 Ireland English Publisher:Elsevier BVJournal:Economics Letters, volume 115, pages 392-395 (issn: 0165-1765,

Copyright policy )Publicly funded

Authors: David Cuberes Vilalta; Andrew Mountford;

doi: 10.1016/j.econlet.2011.12.062

Fiscal policy institutions and history

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Abstract

This paper shows that historical variables can explain a significant part of discretionary government spending across countries. We argue that these results provide evidence in favor of Besley and Persson’s (2009) hypothesis that institutional quality or state capacity is historically determined and further that institutional quality determines, in part, economic policy.

Country

Ireland

Related Organizations

University of Sheffield
United Kingdom
Maynooth University
Ireland
Royal Holloway University of London
United Kingdom

Keywords

Fiscal policy; discretion; institutions; state capacity, jel: jel:E61, jel: jel:E62

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