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Author Faal, Ebrima, author

Title Political budget cycles in Papua New Guinea / prepared by Ebrima Faal
Published [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., [2007]
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Description 1 online resource (16 pages) : illustrations
Series IMF working paper ; WP/07/219
IMF working paper ; WP/07/219
Summary This paper assesses the presence of opportunistic electoral budget cycles in Papua New Guinea. Using quarterly time series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent governments, mainly in the form of increased development spending and overall primary expenditure, followed in some cases by retrenchment in post-election periods. These findings are consistent with the predictions of rational opportunistic political business cycle theory. It is noteworthy that revenue was not statistically significantly related to elections, either in the pre- or post-election period. In this regard, electoral swings in fiscal deficits reflect a preference for influencing expenditures rather than taxation
Notes "September 2007."
Bibliography Includes bibliographical references (pages 15-16)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Budget process -- Political aspects -- Papua New Guinea -- Econometric models.
Business cycles -- Papua New Guinea -- Econometric models.
Elections -- Economic aspects -- Papua New Guinea -- Econometric models.
Papua New Guinea -- Economic policy -- Political aspects -- Econometric models.
Form Electronic book
Author International Monetary Fund. Asia and Pacific Department, Issuing body
ISBN 128351379X
1451912366 (E-Book)