The public policy instruments, such as tax rate changes, have different implications in exogenous (neoclassical) and endogenous growth theories. The neoclassical theory predicts that changes in a country’s tax structure should have only transitory impact on its long-run economic growth while...

Sustainable economic growth and Poverty alleviation is a principal objective of the developing countries. The present study aims to historically review of fiscal policy and its consequences for the economic development of the four South Asian economies i.e. Pakistan, India, Sri Lanka and...