Fiscal outcomes in Bahrain: Oil price volatility, fiscal institutions or politics?
The paper argues that political economy factors, rather than oil wealth, shape the budgetary process and outcomes in Bahrain. Fiscal volatility and excessive current spending (in the form of wages, social welfare and subsidies) leading to unsustainable non-oil deficits are not fully derived from oil...
| Main Authors: | , |
|---|---|
| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
Economic Research Forum
2018
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/146990 |
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