Abdon, Arnelyn May; Estrada, Gemma Esther; Lee, Minsoo; … - Economics and Research Department, Asian Development Bank - 2014
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …