Fiscal Spending and Economic Growth: Some Stylized Facts

Arbeitspapier

Using an "event analysis", this paper complements the cross-country approach to the study of fiscal correlates of growth. Data on fiscal expenditures and growth for a database of 140 countries (118 developing countries) over 1972-2005 are reorganized around turning points providing a summary but encompassing description of "what is in the data". For this sample, the probability of occurrence of a fiscal event is about 10%, and, the probability of a growth event once a fiscal event had occurred is around 26 %. For developing countries, fiscal events followed by growth events occur under situations of (i) significantly lesser deficit, (ii) fewer resources devoted to non-interest General Public Services and (iii) shift in primary expenditures towards Transport & Communication.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: FERDI Working Paper ; No. P35

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; National Deficit; Surplus ; Macroeconomic Analyses of Economic Development ; Fiscal and Monetary Policy in Development

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Carrère, Céline ; de Melo, Jaime
• Ereignis: Veröffentlichung
• (wer): Fondation pour les études et recherches sur le développement international (FERDI)
• (wo): Clermont-Ferrand
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/269315
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ