Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?

Sampawende Tapsoba, Robert York and Neree Noumon

No 2016/209, IMF Working Papers from International Monetary Fund

Abstract: Few papers have attempted to assess the role of “capacity,” especially in the area of macroeconomic statistics. Consequently, we make an attempt to advance this literature through the construction of a “statistical capacity building index,” and then test its explanatory power on the cyclicality of government spending. Using panel data from 62 developing countries, we find evidence that improvements in this index are associated with less procyclicality of government spending over the period 1990–2012; with the significance of this relationship dependent upon the quality of administrative and technical capacity of budgetary institutions.

Keywords: WP; SCB index; government spending; dependent variable; index SCB; standard deviation (search for similar items in EconPapers)
Pages: 32
Date: 2016-11-08
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Citations: View citations in EconPapers (1)

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