Fiscal policy institutions and history |
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Authors: | David CuberesAndrew Mountford |
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Affiliation: | a University of Sheffield, United Kingdomb Royal Holloway, University of London, United Kingdom |
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Abstract: | This paper shows that historical variables can explain a significant part of discretionary government spending across countries. We argue that these results provide evidence in favor of Besley and Persson’s (2009) hypothesis that institutional quality or state capacity is historically determined and further that institutional quality determines, in part, economic policy. |
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Keywords: | E61 E62 |
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