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Fiscal Policy in a Growth Framework

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  • Norman Gemmell

Abstract

This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—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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  • Norman Gemmell, 2010. "Fiscal Policy in a Growth Framework," Working Papers id:3163, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3163
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    2. Amal MATALLAH & Amal MATALLAH, 2017. "Does fiscal policy spur economic growth? Empirical evidence from Algeria," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(612), A), pages 125-146, Autumn.
    3. Perekunah B. Eregha & Vincent Olusegun & Emeka Osuji, 2019. "The Economics of Growth Fragility in Nigeria," Working Papers of the African Governance and Development Institute. 19/061, African Governance and Development Institute..
    4. Margit Schratzenstaller-Altzinger, 2007. "WIFO-Weißbuch: Wachstumsimpulse durch die öffentliche Hand," WIFO Monatsberichte (monthly reports), WIFO, vol. 80(6), pages 509-526, June.
    5. Ehrhart, Hélène & Minea, Alexandru & Villieu, Patrick, 2014. "Debt, seigniorage, and the Growth Laffer Curve in developing countries," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 199-210.
    6. Gnangnon, Sèna Kimm, 2021. "Effect of the Utilization of Non-Reciprocal Trade Preferences offered by the QUAD on Economic Growth in Beneficiary Countries," EconStor Preprints 242848, ZBW - Leibniz Information Centre for Economics.
    7. Adam, Christopher S. & Bevan, David L., 2005. "Fiscal deficits and growth in developing countries," Journal of Public Economics, Elsevier, vol. 89(4), pages 571-597, April.
    8. Andy McKay, 2002. "Assessing the Impact of Fiscal Policy on Poverty," WIDER Working Paper Series DP2002-43, World Institute for Development Economic Research (UNU-WIDER).
    9. Shahrzad Ghourchian & Hakan Yilmazkuday, 2020. "Government consumption, government debt and economic growth," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 589-605, May.
    10. Afia Malik, 2013. "Private Investment And Fiscal Policy In Pakistan," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(1), pages 83-109, March.
    11. Margit Schratzenstaller-Altzinger, 2006. "Teilstudie 12: Wachstumsimpulse durch die öffentliche Hand," WIFO Studies, WIFO, number 27451.
    12. Susan E. Mayer & Leonard M. Lopoo & Lincoln H. Groves, 2016. "Government spending and the distribution of economic growth," Southern Economic Journal, John Wiley & Sons, vol. 83(2), pages 399-415, October.

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    fiscal policy; public expenditure; taxation; economic growth;
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