What is Vulnerable During Fiscal Retrenchment? | Zendy

Fardmanesh M. | Zendy; Habibi N. | Zendy

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What is Vulnerable During Fiscal Retrenchment?

Author(s) -

Fardmanesh M.,

Habibi N.

Publication year - 2000

Publication title -

economics and politics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.822

H-Index - 45

eISSN - 1468-0343

pISSN - 0954-1985

DOI - 10.1111/1468-0343.00070

Subject(s) - retrenchment , vulnerability (computing) , socioeconomic status , democracy , politics , economic sector , development economics , economics , economic policy , political instability , business , public economics , political science , economy , public administration , population , demography , computer security , sociology , computer science , law

Using data for 70 countries in the 1980s, this study investigates the impact of socioeconomic and political characteristics of a country on the vulnerability of expenditure categories during budget cuts. Greater democracy is associated with less vulnerability of the social and productive sectors and with more vulnerability of the administrative/defense, infrastructure, and miscellaneous sectors. Political instability reduces the vulnerability of the social, administrative/defense, and miscellaneous sectors and increases that of the productive sector. Fiscal federalism increases the vulnerability of the infrastructure and administrative/defense sectors and reduces that of the productive sector. The relative size of the budget cuts is also a determining factor.

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