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Legislative institutions and fiscal policy

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  • Wehner, Joachim

Abstract

A number of studies, using different samples and datasets, claim that various legislative institutions affect fiscal policy. This paper uses data from a 2003 survey of budgeting practices to comprehensively evaluate the effect of a range of legislative institutions on public spending in 25 OECD countries. It finds no evidence for most institutional hypotheses. Only the power of the legislature to amend the budget proposal of the executive has a significant impact on public expenditures.

Suggested Citation

  • Wehner, Joachim, 2006. "Legislative institutions and fiscal policy," LSE Research Online Documents on Economics 25509, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:25509
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    File URL: http://eprints.lse.ac.uk/25509/
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    References listed on IDEAS

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    Cited by:

    1. Fisayo Fagbemi, 2020. "Assessing the Role of Governance in West African Fiscal Performance," The American Economist, Sage Publications, vol. 65(1), pages 97-122, March.

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    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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