Fiscal policy can foster growth and human development through a number of different channels. These include the … macroeconomic (for example, through the influence of the budget deficit on growth) as well as the microeconomic (through its … tax and expenditure policies should developing countries implement to help them meet the Millennium Development Goals? And …

of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are …

Intro -- Contents -- Foreword -- Contributors -- Acknowledgments -- Fiscal Policy for Economic Development: An Overview … -- Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries -- Persistence of Fiscal Adjustments and … Expenditure Composition in Low-Income Countries -- Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income …

the major tax components. For each additional percentage point of GDP in resource revenues, there is a reduction in … domestic (non resource) revenues of about 0.3 percentage points of GDP. We find this primarily occurs through reduced effort on … taxes on goods and services—in particular, the VAT—followed by a smaller negative impact on income and trade taxes. …

implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies …

many countries. Using India as an illustration, this paper shows how a mix of well-designed taxation and spending policies …

effect, and promote financial development. These findings hold even after factoring in the reverse causality between … remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access …