The Weak Government Thesis: Some New Evidence
This paper presents new evidence on the hypothesis that coalition governments will find it more difficult to keep their budgets in line after an adverse economic shock than do one-party, majoritarian governments. The estimates are based on a broad sample of OECD countries, for the period 1979-1995. Using various specifications as suggested in the literature, we do not find evidence that the type of government affects cross country variation in fiscal policy. However, the number of political parties in government affects central government debt growth. Copyright 1999 by Kluwer Academic Publishers
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Volume (Year): 101 (1999)
Issue (Month): 3-4 (December)
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References listed on IDEAS
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"On the Determination of the Public Debt,"
3451400, Harvard University Department of Economics.
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- Alberto Alesina & Roberto Perotti, 1995. "Fiscal Expansions and Fiscal Adjustments in OECD Countries," NBER Working Papers 5214, National Bureau of Economic Research, Inc.
- Missale, Alessandro, 1999. "Public Debt Management," OUP Catalogue, Oxford University Press, number 9780198290858, December.
- Hallerberg, Mark & von Hagen, Jürgen, 1997. "Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union," CEPR Discussion Papers 1555, C.E.P.R. Discussion Papers.
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