Fiscal Policy and Growth in Developing Asia
Publication | October 2014
In developing Asia, fiscal policy can influence both short- and long-term growth. Governments must pay attention to the mix of both their revenues and expenditures in order to maximize the contribution of fiscal policy to growth.
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The study shows that there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth. Property taxes can have a more benign impact on growth than direct taxes, and shifting government spending to education can have a sizable impact.
Contents
- Abstract
- Introduction
- Review of Literature
- Overall Trends
- Quantifying the Impact on Growth of Fiscal Policy Changes
- Concluding Observations
- References
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