Fiscal Policy in a Growth Framework
This paper assesses recent theorising and empirical evidence on the impact of fiscal policyâ€”taxes, public expenditures and budget deficitsâ€”on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for low-income countries with that for middle-and high-income (OECD) countries. [Discussion Paper No. 2001/84]
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