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Wars of Attrition in Italian Government Coalitions and Fiscal Performance: 1948-1994

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  • Padovano, Fabio
  • Venturi, Larissa

Abstract

We test the "war of attrition" models of fiscal performance on the sample of Italian governments from 1948 to 1994. We control for conditioning phenomena, like government stability, majority size, central bank independence, political budget cycle and external economic constraints, as well as for business cycle indicators. We improve on the standard specifications of war of attrition models by considering the role of the opposition and by using ex ante measures of coalitions fragmentation. Once these phenomena are accounted for, data support the implications of our version of the war of attrition models. Copyright 2001 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 109 (2001)
Issue (Month): 1-2 (October)
Pages: 15-54

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Handle: RePEc:kap:pubcho:v:109:y:2001:i:1-2:p:15-54

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Cited by:
  1. Le Maux, Benoit & Rocaboy, Yvon, 2012. "A simple microfoundation for the utilization of fragmentation indexes to measure the performance of a team," Economics Letters, Elsevier, vol. 116(3), pages 491-493.
  2. Bharatee Dash & Angara Raja, 2013. "Do political determinants affect the size and composition of public expenditure? A study of the Indian states," International Review of Economics, Springer, vol. 60(3), pages 293-317, September.
  3. Roberto Ricciuti, 2004. "Political Fragmentation and Fiscal Outcomes," Public Choice, Springer, vol. 118(3_4), pages 365-388, 03.
  4. Dash, Bharatee Bhusana & Raja, Angara V., 2012. "Political Determinants of the Allocation of Public Expenditures: A Study of the Indian States," Working Papers 12/101, National Institute of Public Finance and Policy.
  5. Francesco Lagona & Antonello Maruotti & Fabio Padovano, 2012. "The opposite Cycles of Laws and Decrees," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2012-01-ccr, Condorcet Center for political Economy.

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