Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries:
This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in both th...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/77 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in both the short and long terms. The composition of public outlays also matters: Countries where spending is concentrated on wages tend to have lower growth, while those that allocate higher shares to capital and nonwage goods and services enjoy faster output expansion. Expenditure composition, along with the size of the fiscal consolidation and initial fiscal conditions, affects the sustainability of adjustment. Initial fiscal conditions also have a bearing on the nexus between fiscal deficits and growth |
| Beschreibung: | 1 Online-Ressource (40 p) |
| ISBN: | 145185000X 9781451850000 |
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| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
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| spelling | Clements, Benedict J. Verfasser aut Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries Clements, Benedict J Washington, D.C International Monetary Fund 2002 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/77 This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in both the short and long terms. The composition of public outlays also matters: Countries where spending is concentrated on wages tend to have lower growth, while those that allocate higher shares to capital and nonwage goods and services enjoy faster output expansion. Expenditure composition, along with the size of the fiscal consolidation and initial fiscal conditions, affects the sustainability of adjustment. Initial fiscal conditions also have a bearing on the nexus between fiscal deficits and growth Online-Ausg Baldacci, Emanuele Sonstige oth Gupta, Sanjeev Sonstige oth Mulas-Granados, Carlos Sonstige oth http://elibrary.imf.org/view/IMF001/02222-9781451850000/02222-9781451850000/02222-9781451850000.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Clements, Benedict J. Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title_auth | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title_exact_search | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title_exact_search_txtP | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title_full | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries Clements, Benedict J |
| title_fullStr | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries Clements, Benedict J |
| title_full_unstemmed | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries Clements, Benedict J |
| title_short | Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries |
| title_sort | expenditure composition fiscal adjustment and growth in low income countries |
| url | http://elibrary.imf.org/view/IMF001/02222-9781451850000/02222-9781451850000/02222-9781451850000.xml |
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