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Quality of public finances and growth Author info | Abstract | Publisher info | Download info | Related research | Statistics António Afonso () (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany. )
Werner Ebert () (Bundesministerium der Finanzen, Detlev-Rohwedder-Haus,Wilhelmstrße 97, D-10117 Berlin, Germany. )
Ludger Schuknecht () (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany. )
Michael Thöne () (Finanzwissenschaftliches Forschungsinstitut (FiFo), Köln University, Zülpicher Str. 182, D-50937 Köln, Germany. )
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In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying determinants (institutional framework, employment, savings and investment, innovation). The paper addresses the approaches used to assess the performance and efficiency of public spending, and surveys the empirical findings on the impact of fiscal variables on sustained economic growth.
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Paper provided by European Central Bank in its series Working Paper Series with number
438.
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Length: 45 pages
Date of creation: Feb 2005Date of revision:
Handle: RePEc:ecb:ecbwps:20050438Contact details of provider: Postal: Postfach 16 03 19, Frankfurt am Main, Germany Phone: +49 69 1344 0 Fax: +49 69 1344 6000 Web page: http://www.ecb.europa.eu/home/html/index.en.html More information through EDIRC
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Keywords: quality of public finances ; efficiency ; growth ; Other versions of this item:
Find related papers by JEL classification: H50 - Public Economics - - National Government Expenditures and Related Policies - - - General O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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