Investment in human capital accumulation, government consumption and total government expenditures present a striking negative correlation with capital shares. This correlation is robust to alternative speci...cations, lists of controls, and exclusion of outliers. Causality tests strongly support the hypothesis that the direction of causation runs from capital shares to the government spending ...

Investment in human capital accumulation, government consumption and total government expenditures present a striking negative correlation with capital shares. This correlation is robust to alternative speci...cations, lists of controls, and exclusion of outliers. Causality tests strongly support the hypothesis that the direction of causation runs from capital shares to the government spending ...

Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure averaged 12% in the 170 countries for which data were available. However, country differences were strikin...

Attempting to shed light on the optimal size of government, economists have analyzed planning problems that specify a set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy choice of a planner who knows the welfare achieved by each policy. This paper examines choice of size of government by a planner who has partial knowledge of p...

a r t i c l e i n f o JEL classification: H71 H72 C33 Keywords: Tax-spend State and local government Public finance Panel unit root Panel cointegration We reexamine the tax-spending nexus using a panel of 50 US state–local government units between 1963 and 1997. We find that, unlike tax revenues, expenditures adjust to revert back to a long-term equilibrium relationship. The evidence on the sho...

It can dierentiate the four dengue virus serotypes R. Prasad Slow growth in the last few quarters, with growth in GDP dropping to 5.7% in the June quarter, has led to widespread speculation that the Central government might resort to increased spending to boost the economy. While there has been no ocial announcement of a scal stimulus yet, both the Finance Minister and Chief Economic Adviser...

This paper contributes to the literature on fiscal policy as a determinant of government bond spreads. We analyze effect spending spreads using panel 30 emerging countries during period 2000–2013. Based system-GMM estimations, we find that total public does not affect Instead, reveal composition effect: higher current (public investment) increase (decrease) result may arise due fact (less produ...