Thesis
On the pro-cyclicality of fiscal policies
- Creator
- Rights statement
- Awarding institution
- University of Strathclyde
- Date of award
- 2014
- Thesis identifier
- T13751
- Qualification Level
- Qualification Name
- Department, School or Faculty
- Abstract
- This thesis investigates the evidence on the evolving cyclicality of fiscal policies in advanced, developing, and emerging economies. Developing and emerging countries exhibited a far greater tendency to behave 'pro-cyclically' in previous decades, by increasing expenditures and reducing taxes in good times or by trimming expenditures and raising tax rates in bad times. Conversely, advanced economies have managed to enact a-cyclical fiscal policies. Relying on time-series and cross-sectional analyses of data from developing, emerging and advanced economies, for the period 1960-2010, this study will seek to appraise the determinants of fiscal policy behaviour and access to international financial markets explaining the underlying shifts in their structure. Results indicate that several of these developing and emerging economies 'graduated' from procyclicality to counter-cyclicality due to the credibility of fiscal positions relative to advanced economies.
- Resource Type
- DOI
- Date Created
- 2014
- Former identifier
- 1032825
Relations
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