Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?
This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary balance - and correcting for reverse causality between non-oil output and fiscal variables, the results... READ MORE...

Publication date: July 2011
ISBN 9781462314324
$18.00

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