Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?

Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?

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6.44 Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure? http://covers.feedbooks.net/item/578724.jpg?t=1377588432 http://www.feedbooks.com/item/578724/can-a-government-enhance-long-run-growth-by-changing-the-composition-of-public-expenditure?utm_medium=uwishlist&utm_source=amazon

This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF’s GFS yearbook for the period 1970-2010 and 56 countries (14 low-, 16 medium-, and 26 high-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a positive and statistically robust effect on growth, when the compensating factor remains unspecified or… (more)

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Book Details  


Publisher: INTERNATIONAL MONETARY FUND (July 08, 2013)

Format: EPUB

Page count: 45 pages

File size: 1.7 MB

Protection: DRM

Language: English


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