Is fiscal policy procyclical in developing oil-producing countries? /

This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary balance - and correcting for reverse causality between n...

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Bibliographic Details
Main Author:	Erbil, Neşe (Author)
Format:	Book
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, ©2011 Washington, D.C. : 2011
Series:	IMF Working Papers ; Working Paper No. 11/171 IMF Working Papers; Working Paper ; No. 2011/171 IMF eLibrary IMF working paper ; WP/11/171
Subjects:	Business cycles > Econometric models Fiscal policy > Econometric models Aggregate fiscal Budget deficits Budget surplus Budget systems Business Fluctuations Capital expenditure growth Capital expenditure Consumption Cycles Cyclical fiscal policy Developing countries Discretionary fiscal policy Economic models Estimates of expenditure Expenditure growth Expenditure Expenditures Fiscal Policy Fiscal balance in percent Fiscal balance Fiscal balances Fiscal behavior Fiscal effort Fiscal management Fiscal measures Fiscal performance Fiscal policies Fiscal policy formulation Fiscal policy response Fiscal reaction function Fiscal reaction Fiscal response Fiscal shocks Fiscal sustainability Fiscal variable Fiscal variables Fiscal vulnerability Foreign capital General government expenditure General Government expenditure Government expenditures Government spending Nonoil sector Oil producing countries Oil revenues Prudent fiscal policies Public Expenditures, Investment, and Finance Public debt Public spending Spending cuts Tax base Tax bases Tax collection Tax increases Tax rates Taxation Total expenditure Business Taxes and Subsidies Comparative or Joint Analysis of Fiscal and Monetary Policy Expenditures, Public Fiscal Policies and Behavior of Economic Agents: General Fiscal policy Income Institutions and the Macroeconomy Macroeconomics National Government Expenditures and Related Policies: General National accounts Oil, gas and mining taxes Personal Income, Wealth, and Their Distributions Personal income Procyclical fiscal policy Public Finance Public finance & taxation Stabilization Taxes Treasury Policy Algeria Bahrain Cameroon Congo, Democratic Republic of the Equatorial Guinea Iran, Islamic Republic of Libyan Arab Jamahiriya Mexico Qatar Venezuela, República Bolivariana de Electronic books
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Is fiscal policy procyclical in developing oil-producing countries? /

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