Fiscal composition and long-term growth

Afonso, António; Jalles, João Tovar

http://hdl.handle.net/10400.5/25582

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Autores

Afonso, António

Jalles, João Tovar

Resumo(s)

We assess the fiscal composition–growth nexus, using 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. From our results, taxes on income are less for growth enhancing, as well as public wages, interest payments, subsidies and government consumption, while spending on education and health boosts growth.

Palavras-chave

Budget Deficit Budget Decomposition Panel Analysis

URI

http://hdl.handle.net/10400.5/25582

Citação

Afonso, António and João Tovar Jalles.(2014). "Fiscal composition and long-term growth" .Applied Economics, Vol. 46, No.3: pp. 349-358.

Editora

Taylor & Francis Group

Coleções

DE - Artigos em Revistas Internacionais / Articles in International Journals

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