The Role of Public Finance in Economic Development: An Empirical Investigation
AbstractThis paper focuses on the role of government finance in economic development. The effects of various kinds of public spending and revenue (mainly taxes) are examined. An empirical investigation of 56 developing countries is used to assess this role of the government and to evaluate whether it is facilitating or hindering the process of economic development. The findings suggest that government finance has played a positive role, refuting the conclusion advanced by some economists that there has been a government failure in development.
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Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 9508.
Date of creation: Apr 1995
Date of revision: Apr 1995
Publication status: Published by The Economic Research Forum (ERF)
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