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Procyclical Fiscal Policy in Emerging Economies by octaviomole is a document available to read on EtoBox.
This paper analyzes the procyclicality of fiscal policy in emerging countries, highlighting that they tend to cut government expenditures during recessions and increase them during booms, unlike developed economies. It suggests that globalization since the 1990s has led to a reduction in the extent of procyclical fiscal policies in these countries, particularly for those with high foreign direct investment (FDI). The findings indicate that while emerging economies exhibit procyclical behavior in response to
- Author
- octaviomole
- Language
- EN