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Theory says that prudential fiscal policies can mitigate the unintended consequences of business cycles. Does evidence support the effectiveness of fiscal policies is still a challenging question. In this thesis, I focus on the relationship between fiscal policies and aggregate movements in oil producing countries. I found significant pro-cyclicality in these countries in which questions the goal of their policy making. Furthermore, I show that in my sample of oil producers,data doesn’t support the poorer is the country, the higher is the pro-cyclicality of their fiscal policies  

The procyclical behavior of public investment expenditure in OECs is one of the main channels through which the blessing of the natural resource abundance turns into a curse. The focal issue about the public investment expenditures in OECs is the misallocation and the inefficiency of these expenditures which often appear in the form of white elephants- i.e. government investment projects with large scale and high social/political prestige for the politicians implementing theme, but with negative economic return- especially in the oil booms. Moreover, the imprical evidence shows that the efficiency of public investment management in OECs is positively and significantly correlated with the... 

The abstract is the most important section of the thesis because many readers limit most of their reading to abstracts, saving in-depth reading for specific theses. It should give the reader a "preview" of what's to come. The abstract should emphasize new and important aspects of the study or observations. The purpose of the abstract is to allow researchers to decide whether or not to read the whole thesis. The abstract is what researchers read first to decide if the thesis is important, interesting, and it allows them to assess the relevance of a thesis to their own research, without having to read the entire thesis. Thus, it is crucial that the abstract both summarize succinctly the key...