Given that public spending will have a positive impact on GDP if the benefits exceed the marginal cost of public funds … aggregate data requires three caveats: a) considering of the impact of the funding (taxation) required for the additional public … different types of capital and differences in network development. It is essential to go beyond country-specificity to project …

evidence suggests that non-social subsidies reduce agricultural GDP. Furthermore, the evidence suggests that political and … institutional factors as well as income inequality are determinants of the size and structure of rural public expenditures, through … which they have large and significant effects on agricultural GDP …

output with respect to capital stocks, a significant negative impact of taxation on long-run GDP, and a negative impact of …-run impact of government expenditure composition and taxation. They analyze the use of the primary balance as a policy tool … interaction between public expenditure composition and taxation on growth. Similar results are obtained: large elasticities of …

expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the … development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories … development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public …

A common behavioral assumption of micro-economic theory is that income is fungible. Using household panel data from … rural China and Tanzania, this study finds however that people are more likely to spend unearned income on less basic … somewhat more likely to spend earned income on basic consumption goods such as staple food, and invest it in education. This …

have important implications for enhancing the development effectiveness of public spending. The lessons are particularly …

and human development, the priority areas in Liberia's 2013-2017 "Agenda for Transformation" and for its national vision …, Liberia Rising 2030. The simulations are carried out with a Liberian version of MAMS (Maquette for Millennium Development … Millennium Development Goals performance. Increased foreign borrowing is less attractive since, in order to make a substantial …