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Title Expenditure composition, fiscal adjustment, and growth in low-income countries / Sanjeev Gupta [and others]

Published [Washington, D.C.] : International Monetary Fund, [2002]
©2002
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Description 1 online resource (39 pages) : illustrations
monochrome rdacc http://rdaregistry.info/termList/RDAColourContent/1002
Series IMF working paper ; WP/02/77
IMF working paper ; WP/02/77
Summary This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in both the short and long terms. The composition of public outlays also matters: Countries where spending is concentrated on wages tend to have lower growth, while those that allocate higher shares to capital and nonwage goods and services enjoy faster output expansion. Expenditure composition, along with the size of the fiscal consolidation and initial fiscal conditions, affects the sustainability of adjustment. Initial fiscal conditions also have a bearing on the nexus between fiscal deficits and growth
Bibliography Includes bibliographical references (pages 35-39)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Economic development -- Effect of fiscal policy on -- Econometric models
Expenditures, Public -- Economic aspects -- Econometric models.
Finance, Public -- Economic aspects -- Econometric models.
Fiscal policy -- Economic aspects -- Econometric models.
Form Electronic book
ISBN 1451896247
9781451896244