Arbeitspapier
Fiscal Policy And Growth in Developing Asia
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region's overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth.
- Language
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Englisch
- Bibliographic citation
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Series: ADB Economics Working Paper Series ; No. 412
- Classification
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Wirtschaft
Taxation, Subsidies, and Revenue: General
National Government Expenditures and Related Policies: General
- Subject
-
fiscal policy
growth
taxation
government spending
Asia
Finanzpolitik
Besteuerungsverfahren
Öffentliche Ausgaben
Wirtschaftswachstum
Asien
- Event
-
Geistige Schöpfung
- (who)
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Abdon, Arnelyn May
Estrada, Gemma Esther
Lee, Minsoo
Park, Donghyun
- Event
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Veröffentlichung
- (who)
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Asian Development Bank (ADB)
- (where)
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Manila
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Abdon, Arnelyn May
- Estrada, Gemma Esther
- Lee, Minsoo
- Park, Donghyun
- Asian Development Bank (ADB)
Time of origin
- 2014
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Saving, Investment, and Current Account Surplus in Developing Asia
Inflation in Developing Asia: Demand-Pull or Cost-Push?
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Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination
Causes and Consequences of Global Imbalances: Perspective from Developing Asia
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Beyond Liquidity: New Uses for Developing Asia's Foreign Exchange Reserves
Capital Outflows, Sovereign Wealth Funds, and Domestic Financial Instability in Developing Asia
Globalization, Erosion of Tax Base, and the Revenue Potential of Developing Asia's Foreign Exchange Reserve Build-Up
Ageing Asia's Looming Pension Crisis
Drivers of Developing Asia's Growth: Past and Future
Saving, Investment, and Current Account Surplus in Developing Asia
Inflation in Developing Asia: Demand-Pull or Cost-Push?
Developing Asia's pension systems and old-age income support
Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination