expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with …

public spending on human capital and their correlates in Africa. The study found public spending on health and education in … Africa to be inefficient. Efficiency was much higher in health spending than in educational spending. Factors such as …

This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is … regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase … of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large …