Growth Effects of Fiscal Policies - A Comparative Analysis in a Multi-Country Context
AbstractThe potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective literature review) andempirically (by investigating available data from various countries). Despitethe wide variety of potentialtheoretical relationships between government expenditures, taxation and growth,most empirical analyses arerestricted to simple linear regressions of growth on some measure of governmentexpenditures. Based onempirical experiments, we will indicate directions for future empirical researchthat may enrich our knowledgeon the complex relationship between fiscal policies and economic growth, notonly nationally but also regionally.
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Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 99-042/3.
Date of creation: 08 Jun 1999
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fiscal policy; government spending; taxation; economic growth; comparative analysis;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-07-28 (All new papers)
- NEP-CDM-1999-07-28 (Collective Decision-Making)
- NEP-DEV-1999-07-28 (Development)
- NEP-PUB-1999-07-28 (Public Finance)
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