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The Political Economy of Deficit Spending in Nine Industrialized Parliamentary Democracies: The Role of Fiscal Institutions

Hahm, Sung Deuk ; Kamlet, Mark S ; Mowery, David C

Comparative Political Studies, February 1996, Vol.29(1), pp.52-77 [Tạp chí có phản biện]

ISSN: 0010-4140 ; E-ISSN: 1552-3829 ; DOI: 10.1177/0010414096029001003

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  • Nhan đề:
    The Political Economy of Deficit Spending in Nine Industrialized Parliamentary Democracies: The Role of Fiscal Institutions
  • Tác giả: Hahm, Sung Deuk ; Kamlet, Mark S ; Mowery, David C
  • Chủ đề: Political Science
  • Là 1 phần của: Comparative Political Studies, February 1996, Vol.29(1), pp.52-77
  • Mô tả: This article analyzes the influence of four sets of factors on deficit spending in 9 industrialized parliamentary democracies during 1958-1990. This article analyzes the influence of these factors and introduces and tests the importance of an additional potential influence on the size of a country's fiscal deficit: the “strength of fiscal bureaucracy.” It is argued that the stronger a country's fiscal bureaucracy, the lower its deficit, ceteris paribus. Empirically, the authors find that the state of a nation's economy heavily affects its deficit. Little systematic relationship is found between the ideology of the ruling political party and a nation's deficit or between the political strength of the ruling party and deficits, in contrast to the findings of Roubini and Sachs. Finally, it is found that the strength of a country's fiscal bureaucracy is an important influence on the deficit in these 9 industrialized parliamentary democracies.
  • Ngôn ngữ: English
  • Số nhận dạng: ISSN: 0010-4140 ; E-ISSN: 1552-3829 ; DOI: 10.1177/0010414096029001003

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