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Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union

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Author Info
Hallerberg, Mark
von Hagen, Jürgen

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Abstract

Two literatures in political economy argue that differences in political institutions help explain variation in the fiscal performance of countries. They indentify electoral systems and institutions that structure the formation of the budget as important determinants of the budget deficit. In this paper we indicate that these two arguments complement one another. Electoral institutions matter because they restrict the type of budgetary institution a state has at its disposal to solve the coordination problem involved in the budget negotiations. The theory and the empirical results indicate a strong relationship between one-party governments and strong finance minister solutions on the one hand, and multi-party or minority governments and the use of formal budget targets on the other. Pooled time series regression supports our contention that the presence of one of these budgetary institutions matters more than the plurality/proportional respresentations dichotomy.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1555.

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Date of creation: Jan 1997
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Handle: RePEc:cpr:ceprdp:1555

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Related research
Keywords: Deficits; Electoral systems; Government budgeting; Political Economy; Public Debt;

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Find related papers by JEL classification:
H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General

Cited by:
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  1. Per Tovmo, 2007. "Budgetary Procedures and Deficits in Norwegian Local Governments," Economics of Governance, Springer, vol. 8(1), pages 37-49, January. [Downloadable!] (restricted)
  2. Fabrizio Carmignani, 2000. "Political Bias in Fiscal Policy Formation: an Econometric Analysis of Coalition Systems," Working Papers 28, University of Milano-Bicocca, Department of Economics, revised Dec 2000. [Downloadable!]
  3. Mark Hallerberg & Rolf Strauch & Jürgen von Hagen, 2006. "The design of fiscal rules and forms of governance in European Union countries," Discussion Papers 150, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
    Other versions:
  4. Ernesto Stein & Ernesto Talvi & Alejandro Grisanti, 1998. "Institutional Arrangements and Fiscal Performance: The Latin American Experience," NBER Working Papers 6358, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Hallerberg, Mark & Wolff, Guntram B., 2006. "Fiscal institutions, fiscal policy and sovereign risk premia," Discussion Paper Series 1: Economic Studies 2006,35, Deutsche Bundesbank, Research Centre. [Downloadable!]
  6. Fabrizio Carmignani, 2001. "Political Data for Applied Political Economy Research," Working Papers 43, University of Milano-Bicocca, Department of Economics, revised Jul 2001. [Downloadable!]
  7. Fausto Hernández Trillo & Alberto Díaz Cayeros & Rafael Gamboa González, 2002. "Fiscal Decentralization in Mexico: The Bailout Problem," RES Working Papers 3143, Inter-American Development Bank, Research Department. [Downloadable!]
  8. James E. Alt & David Dreyer Lassen, 2003. "Fiscal Transparency and Fiscal Policy Outcomes in OECD Countries," EPRU Working Paper Series 03-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics. [Downloadable!]
  9. Gösta Ljungman, 2008. "Expenditure Ceilings - A Survey," IMF Working Papers 08/282, International Monetary Fund. [Downloadable!]
  10. Jula, Dorin, 2008. "Economic Impact of Political Cycles – The Relevance of European experinces for Romania," Working Papers of Institute for Economic Forecasting 081101, Institute for Economic Forecasting. [Downloadable!]
  11. Karl-Martin Ehrhart & Roy Gardner & Juergen von Hagen & Claudia Keser, 2006. "Budget Processes: Theory and Experimental Evidence," Caepr Working Papers 2006-009, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington. [Downloadable!]
    Other versions:
  12. Baqir, Reza, 1999. "Districts, spillovers, and government overspending," Policy Research Working Paper Series 2192, The World Bank. [Downloadable!]
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