The Irrelevance of Political Party Differences for Public Finances – Evidence from Public Deficit and Debt in Portugal (1974–2012)

2017 ◽  
Vol 25 (4) ◽  
pp. 560-587 ◽  
Author(s):  
André Corrêa D’almeida ◽  
Paulo Reis Mourao
Keyword(s):  
Political Parties ◽  
Budget Deficit ◽  
Government Budget ◽  
Public Finances ◽  
The Public ◽  
Public Deficit ◽  
Party Differences ◽  
Using Data ◽  
Political Differences ◽  
Government Budget Deficit

This paper attempts to empirically test whether inter-party political differences impact public finances in Portugal differently. Focused on public debt and on government budget deficit, and using data since 1974 for several variables, this paper applies econometric modelling to show that inter-party differences have had, until now, no significant impacts on the public finances’ performance in Portugal. In this context, this paper aims at dispelling some myths regarding the ‘value’ of a policy process based on political intrigue, enmity and a discourse of confrontation around differentiated political parties’ merits in modern democracies.

La réforme régionale italienne : Un bilan à l'occasion des élections régionales des 8 et 9 juin 1980

Res Publica ◽  
1980 ◽  
Vol 22 (4) ◽  
pp. 547-562
Author(s):  
Catherine Guillermet ◽  
Johan Ryngaert
Keyword(s):  
Political Parties ◽  
Communist Party ◽  
Central Government ◽  
The Political ◽  
Geographical Differences ◽  
The Public ◽  
Political Bargaining ◽  
Italian Regions ◽  
Set Up ◽  
Political Differences

Ten years after they were set up, the Italian regions have fallen into general discredit. They are discredited by the central government who regards them as a source of support for the opposing Communist Party and has sought to undermine this reform by depriving the regions of all true autonomy. The regions are discredited by the public opinion by not fulfilling the expectations placed in them. Such an assessment does not stand up to a close examination of regional practices : some geographical differences rapidly become obvious, but especially evident are the political differences. In fact, the regions are the product of an apparent agreement between the political parties and have always suffered from political bargaining which explains the national scale of the issues raised at the last elections. Strengthened by the favorable results obtained in certain regions, the Communist Party was quick to turn this statement of the electoral opinion into a « referendum » about the newly formed Cossiga government.

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

CAUSES OF A PUBLIC DEBT AND BUDGET DEFICIT

2018 ◽  
Vol 8 (2) ◽  
pp. 100-101
Author(s):  
Daniel Szybowski
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
Public Expenditure ◽  
Tax Rates ◽  
Tax Base ◽  
The Public ◽  
Public Deficit ◽  
The Business Cycle ◽  
Low Efficiency ◽  
Debt Collection

The aim of the article is to present a problem concerning the reasons for the formation of public debt and the budget deficit. Public debt is undoubtedly caused by excessive expenses, which may be caused by the militarization of the economy, extensive administration or high social transfers. Rarely the cause may be too low taxes and other public revenues, the reasons for which may be very numerous, from too low effective tax rates through ineffective tax collection system, to narrowing the tax base caused by the falling level of gross domestic product production. The main reason for the public deficit is the failure to adjust the size of public expenditure to the profitability of the economy. This maladjustment may have a permanent character caused by the tendency to excessive expansion of public expenditure. Maladjustment may also have short-term character related to the alternate nature of economic development, which is expressed in the business cycle. Among the other sources and causes of the public deficit may be distinguished low efficiency of public spending, low efficiency of public debt collection and the burden of budget expenditure on the costs of already existing public debt.

Chapter II. The World Economy

1990 ◽  
Vol 134 ◽  
pp. 22-43 ◽  
Author(s):  
R.J. Barrell ◽  
Andrew Gurney ◽  
Stephen Dulake
Keyword(s):  
World Economy ◽  
Budget Deficit ◽  
The United States ◽  
Government Budget ◽  
Short Term ◽  
Political Union ◽  
The Us ◽  
The World ◽  
Gatt Round ◽  
Government Budget Deficit

Our last forecast, which was published in August, was moderately optimistic about prospects for the world economy, and especially for the United States. Since the summer the Yen has risen strongly, the US has begun to look like it is facing a recession, and it is now clear that the united Germany will face a very large Government budget deficit after monetary and political union. Meanwhile prospects for war in the Gulf remain high, and although EC farm ministers have managed to agree amongst themselves about cuts in agricultural subsidies it is not clear that these cuts are large enough either to prevent the GATT round stalling or stop the US erecting trade barriers in retaliation. As a result of all these factors our forecast is hedged around with rather more uncertainties than usual. Table 1 sets out our short-term forecast. We assume that oil prices will peak at $35 pb in the last quarter of 1990, and will then fall to $28 pb by the end of 1991.

scholarly journals Analyzing the Effects of Globalization on the Government Budget Deficit: The Matching Approach

2019 ◽  
Vol 10 (1) ◽  
pp. 65-96
Author(s):  
Seyed Komeil Tayebi ◽  
Alireza Kamalian ◽  
Ali Sarkhosh Sara ◽  
Mostafa Mobini Dehkordi
Keyword(s):  
Budget Deficit ◽  
Government Budget ◽  
The Government ◽  
Government Budget Deficit
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