Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?; by Nese Erbil; IMF Working Paper 11/171; July 1, 2011

@inproceedings{Erbil2011IsFP,
  title={Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?; by Nese Erbil; IMF Working Paper 11/171; July 1, 2011},
  author={Nese Erbil and Krishna Srinivasan and Ibrahim Elbadawi and Cemile Sancak and Filiz Unsal and Mitali Das and Thomas F Helbling},
  year={2011}
}

• Nese Erbil, Krishna Srinivasan, +4 authors Thomas F Helbling
• Published 2011

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 suggest that all of the five fiscal variables are strongly procyclical in the full sample. Also, the results are not uniform across income groups… CONTINUE READING

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