Fiscal Policy And Growth in Developing Asia
Abdon, Arnelyn; Estrada, Gemma B.; Lee, Minsoo; Park, Donghyun | October 2012
Abstract
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region’s overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth.
Citation
Abdon, Arnelyn; Estrada, Gemma B.; Lee, Minsoo; Park, Donghyun. 2012. Fiscal Policy And Growth in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/4209. License: CC BY 3.0 IGO.PDF ISBN
2313-6545
Print ISBN
2313-6537
Keywords
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
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Citable URI
http://hdl.handle.net/11540/4209Metadata
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