Study on quality of public finances in support of growth in the Mediterranean partner countries of the EU
Based on the conceptual framework developed by the European Commission for linking the quality of public finances and economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the Mediterranean partner countries of the EU. The results confirm that the function of specific disaggregated fiscal parameters like debt financing, governance, efficiency of spending, mixture of taxes can have a significant impact on growth.
|Date of creation:||Dec 2009|
|Date of revision:|
|Contact details of provider:|| Postal: Coomunivcations Unit, B-1049 Bruxelles / Brussels|
Fax: +32 2 298.08.23
Web page: http://ec.europa.eu/economy_finance/index_en.htm
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- Rajkumar, Andrew Sunil & Swaroop, Vinaya, 2008. "Public spending and outcomes: Does governance matter?," Journal of Development Economics, Elsevier, vol. 86(1), pages 96-111, April.
- Peter S. Heller, 2005. "Understanding Fiscal Space," IMF Policy Discussion Papers 05/4, International Monetary Fund.
- Willi, Semmlero & Alfred, Greiner & Bobo, Diallo & Anand, Rajaram & Armon, Rezai, 2011.
"Fiscal policy, public expenditure composition and growth. theory and empirics,"
35997, University Library of Munich, Germany.
- Semmler, Willi & Greiner, Alfred & Diallo, Bobo & Rezai, Armon & Rajaram, Anand, 2007. "Fiscal policy, public expenditure composition, and growth theory and empirics," Policy Research Working Paper Series 4405, The World Bank.
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