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Evolution and Rationality of Budget Institutions in Colombia

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  • Rudolf Hommes

Abstract

A research project conducted by the Office of the Chief Economist at the Inter-American Development Bank has found preliminary but compelling evidence that the budgetary institutions in Latin America have a significant bearing on fiscal results. The researchers have developed an index of budget institutional development, which measures the strength of budget institutions. The results suggest that strong institutions have an impact on fiscal performance.

Suggested Citation

  • Rudolf Hommes, 1996. "Evolution and Rationality of Budget Institutions in Colombia," Research Department Publications 4024, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4024
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    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=WP-317&pub_file_name=pubWP-317.pdf
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    Cited by:

    1. Ernesto Stein & Ernesto Talvi & Alejandro Grisanti, 1999. "Institutional Arrangements and Fiscal Performance: The Latin American Experience," NBER Chapters, in: Fiscal Institutions and Fiscal Performance, pages 103-134, National Bureau of Economic Research, Inc.
    2. Juan Carlos Echeverry & Jorge Alexander Bonilla & Andrés Moya, 2006. "Rigideces Institucionales y Flexibilidad Presupuestaria: Origen, Motivación y Efectos sobre el Presupuesto," IDB Publications (Working Papers) 9091, Inter-American Development Bank.

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