Plausibly Exogenous [1818] - Public Spending (01/24/2025)

LHS Variable
Waste in public spending

RHS Variable
Fiscal rules

Source of Exogenous Variation
Variation across Colombian municipalities in exposure to a fiscal rule that limits the operating expenditures of local governments

- Carreri and Martinez (2024), “Economic and Political Effects of Fiscal Rules: Evidence from a Natural Experiment in Colombia”