From Volatility to Stability in Expenditure is popular PDF and ePub book, written by Naotaka Sugawara in 2014-03-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, From Volatility to Stability in Expenditure can be Read Online from any device for your convenience.
From Volatility to Stability in Expenditure Book PDF Summary
This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988–2012, the results find that the existence of stabilization funds contributes to smoothing government expenditure. The spending volatility in countries that have established such funds is found to be 13 percent lower in the main estimation, and similar impacts are found in robustness tests. The analysis also shows that political institutions and fiscal rules are significant factors in reducing the expenditure volatility, while highlighting the roles of the size of economy, diversified exports, real sector management, and financial markets.
Detail Book of From Volatility to Stability in Expenditure PDF
- Author : Naotaka Sugawara
- Release : 12 March 2014
- Publisher : International Monetary Fund
- ISBN : 9781484334560
- Genre : Business & Economics
- Total Page : 49 pages
- Language : English
- PDF File Size : 13,9 Mb
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