caa a22 4500 606167781 CHVBK 20210128100704.0 cr unu---uuuuu 210128e20150701xx s 000 0 eng 10.1007/s11127-015-0267-6 doi (NATIONALLICENCE)springer-10.1007/s11127-015-0267-6 Political fractionalization and delay in fiscal stabilizations: a duration analysis [Elektronische Daten] [Kevin Grier, Shu Lin, Haichun Ye] This article employs a duration analysis approach to empirically investigate whether political fractionalization leads to delayed fiscal stabilizations. Using a broad sample of both developed and developing countries for the period 1975-2011, we consistently find strong evidence that political fractionalization is significantly associated with longer delays in stabilizing high deficits. In particular, political fractionalization has a greater impact on delays in periods of macroeconomic distress. We also show that, while the fractionalization of government parties delays fiscal stabilization, the fractionalization of opposition parties tends to facilitate fiscal stabilization. Springer Science+Business Media New York, 2015 Fiscal stabilization nationallicence Political fractionalization nationallicence Duration nationallicence Hazard nationallicence Grier Kevin Department of Economics, University of Oklahoma, 73071, Norman, OK, USA aut Lin Shu School of Economics, Fudan University, 600 Guoquan Road, 200433, Shanghai, China aut Ye Haichun School of Economics, Shanghai University of Finance and Economics, Key Laboratory of Mathematical Economics (SUFE), Ministry of Education, 777 Guoding Road, 200433, Shanghai, China aut Public Choice Springer US; http://www.springer-ny.com 164/1-2(2015-07-01), 157-175 0048-5829 164:1-2<157 2015 164 11127 https://doi.org/10.1007/s11127-015-0267-6 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11127-015-0267-6 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Grier Kevin Department of Economics, University of Oklahoma, 73071, Norman, OK, USA aut NATIONALLICENCE 700 1- Lin Shu School of Economics, Fudan University, 600 Guoquan Road, 200433, Shanghai, China aut NATIONALLICENCE 700 1- Ye Haichun School of Economics, Shanghai University of Finance and Economics, Key Laboratory of Mathematical Economics (SUFE), Ministry of Education, 777 Guoding Road, 200433, Shanghai, China aut NATIONALLICENCE 773 0- Public Choice Springer US; http://www.springer-ny.com 164/1-2(2015-07-01), 157-175 0048-5829 164:1-2<157 2015 164 11127