Showing 1 - 5 of 5
cuts when deficit reduction needs are large independent of initial tax ratios. …
Persistent link: https://www.econbiz.de/10008680272
This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in...
Persistent link: https://www.econbiz.de/10005264087
government consumption are more effective in shortening the crisis duration than those based on public investment or income tax …
Persistent link: https://www.econbiz.de/10008528701
This paper examines the factors affecting the persistence of fiscal consolidation in 25 emerging market countries during 1980-2001. It proposes a new approach for defining spells of fiscal consolidation. The results indicate that the probability of ending a fiscal adjustment is affected by the...
Persistent link: https://www.econbiz.de/10005604903
Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper...
Persistent link: https://www.econbiz.de/10005605191