How Does the Composition of Public Spending Matter?:
Public spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2005
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Public spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories that are thought to be "pro-poor". This paper responds to the growing concern being expressed about the conceptual foundations and the empirical basis for the belief that poverty can be reduced through targeted public spending. While it is widely accepted that growth and redistribution are important sources of reduction in absolute poverty, a review of the literature confirms the lack of an appropriate theoretical framework for assessing the impact of public spending on growth as well as poverty. There is a need to combine principles of both public economics and growth theory to develop appropriate theoretical guidance for public expenditure policy. This paper identifies a number of approaches that are beginning to address this gap. Building on these approaches, it proposes a framework that has its foundation in a broadly articulated development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public economics principles to clarify the roles of the private and public sectors and to recognize the complementarity of spending, taxation, and regulatory instruments available to affect public policy. With regard to the impact of any given type of public spending, policy recommendations must be tailored to countries and be based on empirical analysis that takes account of the lags and leads in their effects on equity and growth and ultimately on poverty. The paper sketches out such a framework as the first step in what will have to be a longer-term research agenda to provide theoretically and empirically robust and verifiable guidance to public spending policy |
| Beschreibung: | 1 Online-Ressource (39 Seiten)) |
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| 520 | 3 | |a Public spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories that are thought to be "pro-poor". This paper responds to the growing concern being expressed about the conceptual foundations and the empirical basis for the belief that poverty can be reduced through targeted public spending. While it is widely accepted that growth and redistribution are important sources of reduction in absolute poverty, a review of the literature confirms the lack of an appropriate theoretical framework for assessing the impact of public spending on growth as well as poverty. | |
| 520 | 3 | |a There is a need to combine principles of both public economics and growth theory to develop appropriate theoretical guidance for public expenditure policy. This paper identifies a number of approaches that are beginning to address this gap. Building on these approaches, it proposes a framework that has its foundation in a broadly articulated development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public economics principles to clarify the roles of the private and public sectors and to recognize the complementarity of spending, taxation, and regulatory instruments available to affect public policy. With regard to the impact of any given type of public spending, policy recommendations must be tailored to countries and be based on empirical analysis that takes account of the lags and leads in their effects on equity and growth and ultimately on poverty. | |
| 520 | 3 | |a The paper sketches out such a framework as the first step in what will have to be a longer-term research agenda to provide theoretically and empirically robust and verifiable guidance to public spending policy | |
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Datensatz im Suchindex
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| spelling | Paternostro, Stefano Verfasser aut How Does the Composition of Public Spending Matter? Paternostro, Stefano Washington, D.C The World Bank 2005 1 Online-Ressource (39 Seiten)) txt rdacontent c rdamedia cr rdacarrier Public spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories that are thought to be "pro-poor". This paper responds to the growing concern being expressed about the conceptual foundations and the empirical basis for the belief that poverty can be reduced through targeted public spending. While it is widely accepted that growth and redistribution are important sources of reduction in absolute poverty, a review of the literature confirms the lack of an appropriate theoretical framework for assessing the impact of public spending on growth as well as poverty. There is a need to combine principles of both public economics and growth theory to develop appropriate theoretical guidance for public expenditure policy. This paper identifies a number of approaches that are beginning to address this gap. Building on these approaches, it proposes a framework that has its foundation in a broadly articulated development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public economics principles to clarify the roles of the private and public sectors and to recognize the complementarity of spending, taxation, and regulatory instruments available to affect public policy. With regard to the impact of any given type of public spending, policy recommendations must be tailored to countries and be based on empirical analysis that takes account of the lags and leads in their effects on equity and growth and ultimately on poverty. The paper sketches out such a framework as the first step in what will have to be a longer-term research agenda to provide theoretically and empirically robust and verifiable guidance to public spending policy Online-Ausg Absolute Poverty Agricultural Development Debt Markets Economic Growth Finance and Financial Sector Development Financial Literacy Human Development Poor Poor Countries Poverty Poverty Monitoring and Analysis Poverty Reduction Poverty Reduction Strategy Pro-Poor Growth Public Sector Economics and Finance Public Sector Expenditure Analysis and Management Rural Development Rural Poverty Reduction Rajaram, Anand Sonstige oth Tiongson, Erwin R. Sonstige oth Paternostro, Stefano Sonstige oth Paternostro, Stefano How Does the Composition of Public Spending Matter? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3555 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Paternostro, Stefano How Does the Composition of Public Spending Matter? Absolute Poverty Agricultural Development Debt Markets Economic Growth Finance and Financial Sector Development Financial Literacy Human Development Poor Poor Countries Poverty Poverty Monitoring and Analysis Poverty Reduction Poverty Reduction Strategy Pro-Poor Growth Public Sector Economics and Finance Public Sector Expenditure Analysis and Management Rural Development Rural Poverty Reduction |
| title | How Does the Composition of Public Spending Matter? |
| title_auth | How Does the Composition of Public Spending Matter? |
| title_exact_search | How Does the Composition of Public Spending Matter? |
| title_exact_search_txtP | How Does the Composition of Public Spending Matter? |
| title_full | How Does the Composition of Public Spending Matter? Paternostro, Stefano |
| title_fullStr | How Does the Composition of Public Spending Matter? Paternostro, Stefano |
| title_full_unstemmed | How Does the Composition of Public Spending Matter? Paternostro, Stefano |
| title_short | How Does the Composition of Public Spending Matter? |
| title_sort | how does the composition of public spending matter |
| topic | Absolute Poverty Agricultural Development Debt Markets Economic Growth Finance and Financial Sector Development Financial Literacy Human Development Poor Poor Countries Poverty Poverty Monitoring and Analysis Poverty Reduction Poverty Reduction Strategy Pro-Poor Growth Public Sector Economics and Finance Public Sector Expenditure Analysis and Management Rural Development Rural Poverty Reduction |
| topic_facet | Absolute Poverty Agricultural Development Debt Markets Economic Growth Finance and Financial Sector Development Financial Literacy Human Development Poor Poor Countries Poverty Poverty Monitoring and Analysis Poverty Reduction Poverty Reduction Strategy Pro-Poor Growth Public Sector Economics and Finance Public Sector Expenditure Analysis and Management Rural Development Rural Poverty Reduction |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3555 |
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