A carregar...
Publicação
The fiscal-growth nexus
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 610.62 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
We assess the fiscal-growth nexus with a large country panel, accounting for the usually encountered econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative effects. The same is true for the OECD with the addition that government revenue has a negative impact on growth. Taxes on income are usually
detrimental to growth, as well as public wages, interest payments, subsidies and government consumption have a negative effect on growth. Social spending is detrimental to growth; spending on education and health boosts growth; and there is weak evidence supporting causality running from expenditures and revenues to output and TFP.
Descrição
Palavras-chave
Budgetary Decomposition Crises Panel Analysis
Contexto Educativo
Citação
Afonso, António e João Tovar Jalles. 2012. "The fiscal-growth nexus". Instituto Superior de Economia e Gestão - DE Working papers nº 1-2012/DE/UECE
Editora
ISEG - Departamento de Economia