Title Fiscal expenditure policy and non-oil economic growth : evidence from GCC countries / Ugo Fasano and Qing Wang

Published [Washington, D.C.] : International Monetary Fund, ©2001

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Description 1 online resource (20 pages) : illustrations Series IMF working paper ; WP/01/195 IMF working paper ; WP/01/195. Summary Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the important role of the government, the empirical results do not strongly support that increases in fiscal expenditures tend to slow or accelerate non?oil real growth in these countries. However, the breakdown into current and capital expenditures is useful for assessing the effects of each spending category on short- and long-run non?oil real GDP growth Bibliography Includes bibliographical references (pages 19-20) 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 Gulf Cooperation Council. SUBJECT Gulf Cooperation Council fast Subject Fiscal policy -- Persian Gulf States -- Econometric models Gross domestic product -- Persian Gulf States -- Econometric models Expenditures, Public -- Econometric models -- Persian Gulf States Government spending policy -- Persian Gulf States Government spending policy Economic history Expenditures, Public Fiscal policy -- Econometric models Gross domestic product -- Econometric models SUBJECT Persian Gulf States -- Economic conditions -- Econometric models Persian Gulf States -- Appropriations and expenditures Subject Persian Gulf States Form Electronic book Author Wang, Qing International Monetary Fund. Middle Eastern Department. International Monetary Fund. Policy Development and Review Department.

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