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Sources: OECD (2009, 2011, 2013, 2015), Government at a Glance; Eurostat (http://ec.europa.eu/eurostat/data/database); Comparative Political Data Set I (http://www.cpds-data.org/). The data for fiscal consolidations were obtained from Devries et al. (2011) for the period 1990-2009 and updated from Kataryniuk and Vallés (2015) for the years 2010-2012 (both follow a narrative approach). For Greece and Luxembourg, we are consistent with the narrative approach and combine the information provided by Kataryniuk and Vallés (2015), Dellepiane and Hardiman (2012) and OECD (2011) country notes on Restoring Public Finances to obtain the respective consolidation periods, kind and size. 36 Table A.2. Descriptive Statistics Obs Mean Std.Dev. Min. Max.
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