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New indicators measuring the effects of public spending on inclusive growth have been constructed using recent empirical work by Fournier and Johansson (2016) and a recent public finance dataset (Bloch et al., 2016). A first set of indicators combines information on the mix of public spending....
Persistent link: https://www.econbiz.de/10011914165
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of the democracy in each country. Using annual data of 82 countries between 1995 and 2008, the estimation results … findings are robust. Furthermore, to address endogeneity problems, we conduct the instrumental variables estimation and the … system generalized method of moments estimation, the results of which also support our primary findings. These results …
Persistent link: https://www.econbiz.de/10010588216
This paper analyses of some the key aspects of public expenditure policy in Denmark. The public expenditure to GDP ratio has abated markedly since the mid-1990s, reflecting both cyclical gains and the return on structural reforms. Nevertheless, the underlying upward pressure on government...
Persistent link: https://www.econbiz.de/10012443874
Indonesia's fiscal position is generally sound and policy making prudent. However, the country still faces important challenges in terms of economic and social development. Infrastructure, education, health and social security are all spending areas that the government is trying to improve...
Persistent link: https://www.econbiz.de/10011700310
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies. Overall, the evidence highlights that the size of the government matters for long-term growth as a too large...
Persistent link: https://www.econbiz.de/10011578194
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Over the past several decades, public debt has increased substantially in many OECD countries, particularly in the aftermath of recessions. The extent of this increase and the resulting debt levels varied across countries, partly reflecting differences in average budget balances. Despite rising...
Persistent link: https://www.econbiz.de/10012801149
robust to variations in specification and estimation method. …
Persistent link: https://www.econbiz.de/10011213226