Verfügbarkeit: Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries

Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries:

Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper confirm th...

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1. Verfasser:	Kojo, Naoko C. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2003
Schriftenreihe:	IMF Working Papers Working Paper No. 03/237
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor productivity is some four times more effective than investment as a channel for increasing growth through fiscal policy. Although the private investment response to fiscal contraction may be minor, high-deficit, low-income countries can nonetheless benefit from a reduction in unsustainable fiscal deficits because of governance-related factor productivity responses that increase growth
Beschreibung:	1 Online-Ressource (39 p)
ISBN:	1451875738 9781451875737

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spelling	Kojo, Naoko C. Verfasser aut Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries Kojo, Naoko C Washington, D.C International Monetary Fund 2003 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/237 Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor productivity is some four times more effective than investment as a channel for increasing growth through fiscal policy. Although the private investment response to fiscal contraction may be minor, high-deficit, low-income countries can nonetheless benefit from a reduction in unsustainable fiscal deficits because of governance-related factor productivity responses that increase growth Online-Ausg Baldacci, Emanuele Sonstige oth Hillman, Arye L. Sonstige oth http://elibrary.imf.org/view/IMF001/02971-9781451875737/02971-9781451875737/02971-9781451875737.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kojo, Naoko C. Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title_auth	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title_exact_search	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title_exact_search_txtP	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title_full	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries Kojo, Naoko C
title_fullStr	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries Kojo, Naoko C
title_full_unstemmed	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries Kojo, Naoko C
title_short	Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
title_sort	growth governance and fiscal policy transmission channels in low income countries
url	http://elibrary.imf.org/view/IMF001/02971-9781451875737/02971-9781451875737/02971-9781451875737.xml
work_keys_str_mv	AT kojonaokoc growthgovernanceandfiscalpolicytransmissionchannelsinlowincomecountries AT baldacciemanuele growthgovernanceandfiscalpolicytransmissionchannelsinlowincomecountries AT hillmanaryel growthgovernanceandfiscalpolicytransmissionchannelsinlowincomecountries

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