Empirical Evidence from Developing Countries
نویسنده
چکیده
The study is an empirical test of the effects of different categories of government expenditure, revenue and deficits on economic growth in developing countries. It is based on panel data of annual series over the last three decades for 103 countries, which are further classified into low-income, high-income, mineral exports dependent, and foreign aid dependent groups. Our findings suggest that the effects of the fiscal variables on growth vary across these groups of countries. But broadly, capital expenditure have been detrimental to growth, just as current expenditure on goods and services, while expenditure on wages and salaries is growth-promoting. .../...
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