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Fiscal rules and the composition of public spending
[Règles budgétaires et composition des dépenses publiques]

Author

Listed:
  • Cezara Vinturis

    (CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne, UVT - Universitatea de Vest din Timișoara [România] = West University of Timișoara [Romania] = Université Ouest de Timișoara [Roumanie])

Abstract

Estimations performed on a large database show that public investment is generally only modestly affected by fiscal rules, contrary to the significant decrease in public consumption. Nevertheless, these results are different among several types of fiscal rules and in developed countries compared to developing countries. Beyond the presence of a fiscal rule, its characteristics can significantly influence its effect on the composition of public spending.

Suggested Citation

  • Cezara Vinturis, 2023. "Fiscal rules and the composition of public spending [Règles budgétaires et composition des dépenses publiques]," Post-Print hal-04101297, HAL.
    • Handle: RePEc:hal:journl:hal-04101297
    DOI: 10.1111/ecin.13120)
    Note: View the original document on HAL open archive server: https://uca.hal.science/hal-04101297
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