Theoretical developments, improved methodologies and more extensive data have helped generate a dramatic increase in the literature testing for the impact of government size and fiscal policy on economic growth in recent years. We review a range of the more recent evidence and examine (1) the...

Theoretical developments, improved methodologies and more extensive data have helped generate a dramatic increase in the literature testing or the impact of government size and fiscal policy on economic growth in recent years. We review a range of the more recent evidence and examine (1) the...

This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for...