This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of public expenditure on economic growth. Policy makers and some researchers have argued that expenditure on growth-enhancing functions could enhance future revenue...
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INFORMATION
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2007/11/01
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Document de travail de recherche sur les politiques
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WPS4405
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1
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1
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2010/07/01
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Disclosed
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Fiscal policy, public expenditure composition, and growth theory and empirics
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Fiscal policies
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