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Is Social Spending Procyclical?

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Author Info

  • Sanjeev Gupta
  • Alejandro Hajdenberg
  • Javier Arze del Granado

Abstract

This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are procyclical during periods of positive output gap and acyclical during periods of negative output gap. Furthermore, the degree of cyclicality is higher the lower the level of economic development.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/234.

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Length: 22
Date of creation: 01 Oct 2010
Date of revision:
Handle: RePEc:imf:imfwpa:10/234

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Related research

Keywords: Developed countries; Developing countries; Government expenditures; Health care;

This paper has been announced in the following NEP Reports:

References

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  1. Cragg, John G. & Donald, Stephen G., 1993. "Testing Identifiability and Specification in Instrumental Variable Models," Econometric Theory, Cambridge University Press, vol. 9(02), pages 222-240, April.
  2. Reinhart, Carmen & Kaminsky, Graciela & Vegh, Carlos, 2004. "When it rains, it pours: Procyclical capital flows and macroeconomic policies," MPRA Paper 13883, University Library of Munich, Germany.
  3. Fabrizio Balassone & Maura Francese & Stefania Zotteri, 2008. "Cyclical asymmetry in fiscal variables," Temi di discussione (Economic working papers) 671, Bank of Italy, Economic Research and International Relations Area.
  4. Ugo Panizza & Dany Jaimovich, 2007. "Procyclicality or Reverse Causality?," Research Department Publications 4508, Inter-American Development Bank, Research Department.
  5. Ethan Ilzetzki & Carlos A. Vegh, 2008. "Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?," NBER Working Papers 14191, National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. António Afonso & João Tovar Jalles, 2012. "The cyclicality of education, health, and social security government spending," Working Papers Department of Economics 2012/30, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.

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