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Fiscal Indicators

In: The Design and Use of Political Economy Indicators

Author

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  • John E. Anderson

Abstract

Interest in cross-country comparisons of fiscal conditions has heated up in recent years for two primary reasons. First, the transition of former centrally planned economies to market orientation in the 1990s brought with it a concern for fiscal reform and an examination of the fundamental institutions on which a market economy is built. Fundamental reform of each country’s fiscal system was necessary in order to facilitate economic transformation. Consequently, researchers began to construct various indices of fiscal reform and use those indices to analyze effects of fiscal reform. Second, with advances in globalization, increasing mobility of capital, and growing international trade flows, there is greater concern for examining the fiscal conditions across countries. Since both fiscal conditions and the quality of institutions can have direct impacts on economic growth and development, policy analysts have been intent on measuring and describing cross-country variations.

Suggested Citation

  • John E. Anderson, 2008. "Fiscal Indicators," Palgrave Macmillan Books, in: King Banaian & Bryan Roberts (ed.), The Design and Use of Political Economy Indicators, chapter 0, pages 57-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61662-2_4
    DOI: 10.1057/9780230616622_4
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