Budget institutions and fiscal performance in Latin America

被引:174
作者
Alesina, A
Hausmann, R
Hommes, R
Stein, E
机构
[1] Interamer Dev Bank, Washington, DC 20577 USA
[2] Harvard Univ, Cambridge, MA 02138 USA
[3] NBER, Cambridge, MA 02138 USA
[4] CEPR, Cambridge, MA USA
[5] Univ Los Andes, Bogota, Colombia
关键词
budget institutions; fiscal deficits;
D O I
10.1016/S0304-3878(99)00012-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we collect detailed information on the budget institutions of Latin American countries. We classify these institutions on a 'hierarchical'/'colllegial' scale, as a function of the existence of constraints on the deficit, and voting rules. We show that 'hierarchical' and transparent procedures have been associated with more fiscal discipline in Latin America in the 1980s and early 1990s. (C) 1999 Elsevier Science B.V. All rights reserved. JEL classification: H61; D70; E60.
引用
收藏
页码:253 / 273
页数:21
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