Government Spending and Inclusive Growth in Developing Asia
Hur, Seok-Kyun | November 2014
Abstract
This paper assesses the effects of fiscal policy on both equity and growth, specifically whether it is possible to design fiscal spending so that it enhances equity without sacrificing economic growth and vice versa. A cross-country panel vector auto-regression (PVAR) using the World Development Indicators confirms the growth effects of individual fiscal spending items as anticipated whereas distributional effects were either temporarily positive or negligible for most fiscal items. However, compared with Organisation for Economic Co-operation and Development members, spending on public health and public education appeared to alleviate income inequality significantly in the Asian Development Bank members. This implies that fiscal expenditure policies may contribute more to inclusive growth in developing economies than in advanced ones.
Citation
Hur, Seok-Kyun. 2014. Government Spending and Inclusive Growth in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/4211. License: CC BY 3.0 IGO.ISSN
2313-6537
Keywords
Governance
Corporate Governance Reform
Governance Approach
Governance Quality
Public Sector Projects
Public Sector Reform
Government
Institutional Framework
Public Administration
Business Ethics
Political Leadership
Public enterprises
Public finance
Government
Political obligation
Public management
Government accountability
Transparency in government
Political ethics
Government spending policy
Government services
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Citable URI
http://hdl.handle.net/11540/4211Metadata
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