NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Budget Institutions and Fiscal Performance in Latin America

Alberto Alesina, Ricardo Hausmann, Rudolf Hommes, Ernesto Stein

NBER Working Paper No. 5586
Issued in May 1996
NBER Program(s):   PE   ME

In this paper we collect detailed information on the budget institutions of Latin American countries. We classify these institutions on a `hierarchical'/'collegial' scale, as a function of their transparency and the existence of legislative constraints on the deficit. We then show that `hierarchical' and transparent procedures have been associated with more fiscal discipline in Latin America in the eighties and early nineties.

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Document Object Identifier (DOI): 10.3386/w5586

Published: Journal of Development Economics, Vol. 59, no. 2 (August 1999): 253-273.

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