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Do national numerical fiscal rules really shape fiscal behaviours in developing countries? A treatment effect evaluation

Abstract : This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990-2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the effect of FRs on structural fiscal balance is significantly positive, robust to a variety of alternative specifications, and varies with the type of FRs. It also finds that the treatment effect differs according to countries characteristics: number of FRs, time length since FRs adoption, presence of supranational FRs, government fractionalisation and government stability.
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https://halshs.archives-ouvertes.fr/halshs-00704811
Contributor : Cerdi Etudes & Documents - Publications <>
Submitted on : Wednesday, June 6, 2012 - 12:24:53 PM
Last modification on : Tuesday, April 20, 2021 - 10:48:06 AM

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  • HAL Id : halshs-00704811, version 1

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René Tapsoba. Do national numerical fiscal rules really shape fiscal behaviours in developing countries? A treatment effect evaluation. Economic Modelling, Elsevier, 2012, 29, pp.1356-1369. ⟨halshs-00704811⟩

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