Fiscal Spending And Economic Performance: Some Stylized Facts
This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an incr...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an increase in average per capita growth of at least 2 percentage points sustained for 5 years. A fiscal event is an increase in the annual growth rate of primary fiscal expenditure of approximately 1 percentage point sustained for 5 years and not accompanied by an aggravation of the fiscal deficit beyond 2 percent of gross domestic product. These definitions of events are applied to a database of 140 countries (118 developing countries) for 1972-2005. After controlling for the growth-inducing effects of positive terms-of-trade shocks and of trade liberalization reform, probit estimates indicate that a growth event is more likely to occur in a developing country when surrounded by a fiscal event. Moreover, the probability of occurrence of a growth event in the years following a fiscal event is greater the lower is the associated fiscal deficit, confirming that success of a growth-oriented fiscal expenditure reform hinges on a stabilized macroeconomic environment (through a limited primary fiscal deficit) |
| Beschreibung: | 1 Online-Ressource (49 Seiten)) |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049074170 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2008 xxu|||| o||u| ||||||eng d | ||
| 035 | |a (ZDB-1-WBA)093230036 | ||
| 035 | |a (OCoLC)1392145438 | ||
| 035 | |a (DE-599)GBVNLM005466180 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 | ||
| 100 | 1 | |a Carrere, Celine |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Fiscal Spending And Economic Performance |b Some Stylized Facts |c Carrere, Celine |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2008 | |
| 300 | |a 1 Online-Ressource (49 Seiten)) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 3 | |a This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an increase in average per capita growth of at least 2 percentage points sustained for 5 years. A fiscal event is an increase in the annual growth rate of primary fiscal expenditure of approximately 1 percentage point sustained for 5 years and not accompanied by an aggravation of the fiscal deficit beyond 2 percent of gross domestic product. These definitions of events are applied to a database of 140 countries (118 developing countries) for 1972-2005. After controlling for the growth-inducing effects of positive terms-of-trade shocks and of trade liberalization reform, probit estimates indicate that a growth event is more likely to occur in a developing country when surrounded by a fiscal event. Moreover, the probability of occurrence of a growth event in the years following a fiscal event is greater the lower is the associated fiscal deficit, confirming that success of a growth-oriented fiscal expenditure reform hinges on a stabilized macroeconomic environment (through a limited primary fiscal deficit) | |
| 533 | |a Online-Ausg | ||
| 650 | 4 | |a Debt Markets | |
| 650 | 4 | |a Economic Conditions and Volatility | |
| 650 | 4 | |a Finance and Financial Sector Development | |
| 650 | 4 | |a Fiscal Adjustment | |
| 650 | 4 | |a Fiscal Deficit | |
| 650 | 4 | |a Fiscal Expenditure | |
| 650 | 4 | |a Fiscal Policy | |
| 650 | 4 | |a Gross Domestic Product | |
| 650 | 4 | |a Growth Rate | |
| 650 | 4 | |a Macroeconomic Environment | |
| 650 | 4 | |a Macroeconomic Stability | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Poverty Reduction | |
| 650 | 4 | |a Poverty Reduction | |
| 650 | 4 | |a Pro-Poor Growth | |
| 650 | 4 | |a Public Disclosure | |
| 650 | 4 | |a Public Expenditure | |
| 650 | 4 | |a Public Sector Expenditure Analysis and Management | |
| 700 | 1 | |a Carrere, Celine |e Sonstige |4 oth | |
| 700 | 1 | |a de Melo, Jaime |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Carrere, Celine |a Fiscal Spending And Economic Performance |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-034336062 | ||
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |l BSB01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |l EUV01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |l HTW01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |l FHI01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |l IOS01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804185391272558592 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Carrere, Celine |
| author_facet | Carrere, Celine |
| author_role | aut |
| author_sort | Carrere, Celine |
| author_variant | c c cc |
| building | Verbundindex |
| bvnumber | BV049074170 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093230036 (OCoLC)1392145438 (DE-599)GBVNLM005466180 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03819nmm a22006251c 4500</leader><controlfield tag="001">BV049074170</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2008 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093230036</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392145438</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005466180</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Carrere, Celine</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Fiscal Spending And Economic Performance</subfield><subfield code="b">Some Stylized Facts</subfield><subfield code="c">Carrere, Celine</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (49 Seiten))</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an increase in average per capita growth of at least 2 percentage points sustained for 5 years. A fiscal event is an increase in the annual growth rate of primary fiscal expenditure of approximately 1 percentage point sustained for 5 years and not accompanied by an aggravation of the fiscal deficit beyond 2 percent of gross domestic product. These definitions of events are applied to a database of 140 countries (118 developing countries) for 1972-2005. After controlling for the growth-inducing effects of positive terms-of-trade shocks and of trade liberalization reform, probit estimates indicate that a growth event is more likely to occur in a developing country when surrounded by a fiscal event. Moreover, the probability of occurrence of a growth event in the years following a fiscal event is greater the lower is the associated fiscal deficit, confirming that success of a growth-oriented fiscal expenditure reform hinges on a stabilized macroeconomic environment (through a limited primary fiscal deficit)</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Debt Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Conditions and Volatility</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fiscal Adjustment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fiscal Deficit</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fiscal Expenditure</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fiscal Policy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Gross Domestic Product</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Growth Rate</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Macroeconomic Environment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Macroeconomic Stability</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Macroeconomics and Economic Growth</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Poverty Reduction</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Poverty Reduction</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Pro-Poor Growth</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Public Disclosure</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Public Expenditure</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Public Sector Expenditure Analysis and Management</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Carrere, Celine</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">de Melo, Jaime</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Carrere, Celine</subfield><subfield code="a">Fiscal Spending And Economic Performance</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034336062</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="l">EUV01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="l">HTW01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="l">FHI01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452</subfield><subfield code="l">IOS01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049074170 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:45Z |
| indexdate | 2024-07-10T09:54:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034336062 |
| oclc_num | 1392145438 |
| open_access_boolean | |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| physical | 1 Online-Ressource (49 Seiten)) |
| psigel | ZDB-1-WBA |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | The World Bank |
| record_format | marc |
| spelling | Carrere, Celine Verfasser aut Fiscal Spending And Economic Performance Some Stylized Facts Carrere, Celine Washington, D.C The World Bank 2008 1 Online-Ressource (49 Seiten)) txt rdacontent c rdamedia cr rdacarrier This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an increase in average per capita growth of at least 2 percentage points sustained for 5 years. A fiscal event is an increase in the annual growth rate of primary fiscal expenditure of approximately 1 percentage point sustained for 5 years and not accompanied by an aggravation of the fiscal deficit beyond 2 percent of gross domestic product. These definitions of events are applied to a database of 140 countries (118 developing countries) for 1972-2005. After controlling for the growth-inducing effects of positive terms-of-trade shocks and of trade liberalization reform, probit estimates indicate that a growth event is more likely to occur in a developing country when surrounded by a fiscal event. Moreover, the probability of occurrence of a growth event in the years following a fiscal event is greater the lower is the associated fiscal deficit, confirming that success of a growth-oriented fiscal expenditure reform hinges on a stabilized macroeconomic environment (through a limited primary fiscal deficit) Online-Ausg Debt Markets Economic Conditions and Volatility Finance and Financial Sector Development Fiscal Adjustment Fiscal Deficit Fiscal Expenditure Fiscal Policy Gross Domestic Product Growth Rate Macroeconomic Environment Macroeconomic Stability Macroeconomics and Economic Growth Poverty Reduction Pro-Poor Growth Public Disclosure Public Expenditure Public Sector Expenditure Analysis and Management Carrere, Celine Sonstige oth de Melo, Jaime Sonstige oth Carrere, Celine Fiscal Spending And Economic Performance http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Carrere, Celine Fiscal Spending And Economic Performance Some Stylized Facts Debt Markets Economic Conditions and Volatility Finance and Financial Sector Development Fiscal Adjustment Fiscal Deficit Fiscal Expenditure Fiscal Policy Gross Domestic Product Growth Rate Macroeconomic Environment Macroeconomic Stability Macroeconomics and Economic Growth Poverty Reduction Pro-Poor Growth Public Disclosure Public Expenditure Public Sector Expenditure Analysis and Management |
| title | Fiscal Spending And Economic Performance Some Stylized Facts |
| title_auth | Fiscal Spending And Economic Performance Some Stylized Facts |
| title_exact_search | Fiscal Spending And Economic Performance Some Stylized Facts |
| title_exact_search_txtP | Fiscal Spending And Economic Performance Some Stylized Facts |
| title_full | Fiscal Spending And Economic Performance Some Stylized Facts Carrere, Celine |
| title_fullStr | Fiscal Spending And Economic Performance Some Stylized Facts Carrere, Celine |
| title_full_unstemmed | Fiscal Spending And Economic Performance Some Stylized Facts Carrere, Celine |
| title_short | Fiscal Spending And Economic Performance |
| title_sort | fiscal spending and economic performance some stylized facts |
| title_sub | Some Stylized Facts |
| topic | Debt Markets Economic Conditions and Volatility Finance and Financial Sector Development Fiscal Adjustment Fiscal Deficit Fiscal Expenditure Fiscal Policy Gross Domestic Product Growth Rate Macroeconomic Environment Macroeconomic Stability Macroeconomics and Economic Growth Poverty Reduction Pro-Poor Growth Public Disclosure Public Expenditure Public Sector Expenditure Analysis and Management |
| topic_facet | Debt Markets Economic Conditions and Volatility Finance and Financial Sector Development Fiscal Adjustment Fiscal Deficit Fiscal Expenditure Fiscal Policy Gross Domestic Product Growth Rate Macroeconomic Environment Macroeconomic Stability Macroeconomics and Economic Growth Poverty Reduction Pro-Poor Growth Public Disclosure Public Expenditure Public Sector Expenditure Analysis and Management |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4452 |
| work_keys_str_mv | AT carrereceline fiscalspendingandeconomicperformancesomestylizedfacts AT demelojaime fiscalspendingandeconomicperformancesomestylizedfacts |