Fiscal Spending and Economic Growth: Some Stylized Facts
Celine Carrere and
Jaime de Melo
No P35, Working Papers from FERDI
Abstract:
Using an “event analysis”, this paper complements the cross-country approach to the study of fiscal correlates of growth. Data on fiscal expenditures and growth for a database of 140 countries (118 developing countries) over 1972-2005 are reorganized around turning points providing a summary but encompassing description of “what is in the data”. For this sample, the probability of occurrence of a fiscal event is about 10%, and, the probability of a growth event once a fiscal event had occurred is around 26 %. For developing countries, fiscal events followed by growth events occur under situations of (i) significantly lesser deficit, (ii) fewer resources devoted to non-interest General Public Services and (iii) shift in primary expenditures towards Transport & Communication.
JEL-codes: E62 H62 O11 O23 (search for similar items in EconPapers)
Date: 2012-01
References: Add references at CitEc
Citations: View citations in EconPapers (12)
Downloads: (external link)
http://www.ferdi.fr/sites/www.ferdi.fr/files/publi ... Melo_Carrere_web.pdf (application/pdf)
Related works:
Chapter: Fiscal Spending and Economic Growth: Some Stylized Facts (2015) 
Journal Article: Fiscal Spending and Economic Growth: Some Stylized Facts (2012) 
Working Paper: Fiscal Spending and Economic Growth: Some Stylized Facts (2012) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fdi:wpaper:507
Access Statistics for this paper
More papers in Working Papers from FERDI Contact information at EDIRC.
Bibliographic data for series maintained by Vincent Mazenod ().