The form of government and fiscal dynamics
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Date
2011Metadata
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Original version
http://dx.doi.org/10.1016/j.ejpoleco.2010.10.004Abstract
Using a combination of time-series variation in oil prices and cross-section variation in
the oil intensity of countries, this paper investigates whether exogenous shifts in the gov-
ernment revenues a¤ect the government expenditures di¤erently depending on the political
institutions of the form of government. Comparing the scal policy dynamics in parliamen-
tary and presidential systems, a main nding is that the government expenditures appear
more responsive to shifts in the revenues when the form of government is presidential.
Description
This is the author’s final, accepted and refereed manuscript to the article