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Public Finance and Economic Growth: Empirical Evidence from Developing Countries

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  • Matthew Odedokun

Abstract

The study is an empirical test of the effects of different categories of government expenditure, revenue and deficits on economic growth in developing countries. It is based on panel data of annual series over the last three decades for 103 countries, which are further classified into low-income, high-income, mineral exports dependent, and foreign aid dependent groups. Our findings suggest that the effects of the fiscal variables on growth vary across these groups of countries.

Suggested Citation

  • Matthew Odedokun, 2001. "Public Finance and Economic Growth: Empirical Evidence from Developing Countries," WIDER Working Paper Series DP2001-72, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-72
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-72.pdf
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    Citations

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    Cited by:

    1. Lucas Menescal & José Alves, 2022. "Optimal Threshold Taxation: An Empirical Investigation for Developing Economies," CESifo Working Paper Series 9782, CESifo.
    2. António Afonso & Juan Alegre, 2011. "Economic growth and budgetary components: a panel assessment for the EU," Empirical Economics, Springer, vol. 41(3), pages 703-723, December.
    3. Marc Audi & Amjad Ali, 2023. "Public Policy and Economic Misery Nexus: A Comparative Analysis of Developed and Developing World," International Journal of Economics and Financial Issues, Econjournals, vol. 13(3), pages 56-73, May.
    4. Mahdavi, Saeid, 2004. "Shifts in the Composition of Government Spending in Response to External Debt Burden," World Development, Elsevier, vol. 32(7), pages 1139-1157, July.
    5. Ese Urhie, 2014. "Public Education Expenditure and Economic Growth in Nigeria: A Disaggregated Approach," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 3(6), pages 370-382.
    6. Vratislav Izák, 2011. "Vliv vládních výdajů a daní na ekonomický růst (empirická analýza) [Government Expenditures and Taxes Influence on the Economic Growth (Empirical Analysis)]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(2), pages 147-163.
    7. Gokcen Yilmaz, 2018. "Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001," Public Sector Economics, Institute of Public Finance, vol. 42(2), pages 187-214.

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