Public Spending for Long-Run Growth : A Practitioners' View
By financing public goods and services that enhance productivity and promote private investment, public spending is widely believed to be critical for long-run growth. Such effects are distinct from any short-run Keynesian response to a public spen...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2012/12/17012446/public-spending-long-run-growth-practitioners-view http://hdl.handle.net/10986/17061 |
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okr-10986-170612021-04-23T14:03:33Z Public Spending for Long-Run Growth : A Practitioners' View Gemmell, Norman Misch, Florian Moreno-Dodson, Blanca ACCOUNTABILITY AGGREGATE DEMAND BUDGET CONSTRAINT BUDGET CONSTRAINTS CAPITAL ACCUMULATION CAPITAL SPENDING CENTRAL GOVERNMENT COMPOSITION OF PUBLIC SPENDING CONSUMPTION TAXES COUNTRY DATA CURRENT EXPENDITURES DEVELOPING COUNTRIES DEVELOPING COUNTRY ECONOMETRIC ISSUES ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL STUDIES EXPENDITURE ALLOCATIONS EXPENDITURE CATEGORIES EXPENDITURE GROWTH EXPENDITURE POLICY EXPENDITURE TRACKING EXPENDITURE TRACKING SURVEYS EXPLANATORY VARIABLES FISCAL CHANGES FISCAL DEFICITS FISCAL POLICY FISCAL SPACE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH EFFECT GROWTH LITERATURE GROWTH RATE GROWTH RATES HEALTH PROGRAMS INCOME TAXES LEVEL OF PUBLIC SPENDING LEVELS OF PUBLIC SPENDING LONG RUN LONG-RUN GROWTH MACROECONOMIC STABILITY MARGINAL PRODUCT PERSONAL INCOME PERSONAL INCOME TAXES POLICY ANALYSIS POLICY MAKERS POLICY PERSPECTIVE POOR GOVERNANCE POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC CAPITAL PUBLIC DEBT PUBLIC DEBT LEVELS PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC REVENUE PUBLIC SERVICES PUBLIC SPENDING PUBLIC SPENDING ALLOCATIONS ROAD CONSTRUCTION ROADS SUBNATIONAL TAX TAX REVENUE TAXATION By financing public goods and services that enhance productivity and promote private investment, public spending is widely believed to be critical for long-run growth. Such effects are distinct from any short-run Keynesian response to a public spending stimulus. While a short-run response generally operates through aggregate demand, long-run growth effects alter aggregate supply conditions. While academic literature generally supports the belief that public spending promotes growth in the long run, understanding which public expenditure allocations can trigger such effects in a particular country setting is challenging in practice. The objective of this note1 is to review the trade-offs faced by fiscal policy makers in developing countries who are considering using public expenditure policy as an instrument to promote long run growth, provide guidance from the empirical literature, and review the types of data sources that are helpful in this context. 2014-02-18T17:53:29Z 2014-02-18T17:53:29Z 2012-12 http://documents.worldbank.org/curated/en/2012/12/17012446/public-spending-long-run-growth-practitioners-view http://hdl.handle.net/10986/17061 English en_US Economic premise;no. 99 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AGGREGATE DEMAND BUDGET CONSTRAINT BUDGET CONSTRAINTS CAPITAL ACCUMULATION CAPITAL SPENDING CENTRAL GOVERNMENT COMPOSITION OF PUBLIC SPENDING CONSUMPTION TAXES COUNTRY DATA CURRENT EXPENDITURES DEVELOPING COUNTRIES DEVELOPING COUNTRY ECONOMETRIC ISSUES ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL STUDIES EXPENDITURE ALLOCATIONS EXPENDITURE CATEGORIES EXPENDITURE GROWTH EXPENDITURE POLICY EXPENDITURE TRACKING EXPENDITURE TRACKING SURVEYS EXPLANATORY VARIABLES FISCAL CHANGES FISCAL DEFICITS FISCAL POLICY FISCAL SPACE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH EFFECT GROWTH LITERATURE GROWTH RATE GROWTH RATES HEALTH PROGRAMS INCOME TAXES LEVEL OF PUBLIC SPENDING LEVELS OF PUBLIC SPENDING LONG RUN LONG-RUN GROWTH MACROECONOMIC STABILITY MARGINAL PRODUCT PERSONAL INCOME PERSONAL INCOME TAXES POLICY ANALYSIS POLICY MAKERS POLICY PERSPECTIVE POOR GOVERNANCE POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC CAPITAL PUBLIC DEBT PUBLIC DEBT LEVELS PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC REVENUE PUBLIC SERVICES PUBLIC SPENDING PUBLIC SPENDING ALLOCATIONS ROAD CONSTRUCTION ROADS SUBNATIONAL TAX TAX REVENUE TAXATION |
| spellingShingle |
ACCOUNTABILITY AGGREGATE DEMAND BUDGET CONSTRAINT BUDGET CONSTRAINTS CAPITAL ACCUMULATION CAPITAL SPENDING CENTRAL GOVERNMENT COMPOSITION OF PUBLIC SPENDING CONSUMPTION TAXES COUNTRY DATA CURRENT EXPENDITURES DEVELOPING COUNTRIES DEVELOPING COUNTRY ECONOMETRIC ISSUES ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL STUDIES EXPENDITURE ALLOCATIONS EXPENDITURE CATEGORIES EXPENDITURE GROWTH EXPENDITURE POLICY EXPENDITURE TRACKING EXPENDITURE TRACKING SURVEYS EXPLANATORY VARIABLES FISCAL CHANGES FISCAL DEFICITS FISCAL POLICY FISCAL SPACE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH EFFECT GROWTH LITERATURE GROWTH RATE GROWTH RATES HEALTH PROGRAMS INCOME TAXES LEVEL OF PUBLIC SPENDING LEVELS OF PUBLIC SPENDING LONG RUN LONG-RUN GROWTH MACROECONOMIC STABILITY MARGINAL PRODUCT PERSONAL INCOME PERSONAL INCOME TAXES POLICY ANALYSIS POLICY MAKERS POLICY PERSPECTIVE POOR GOVERNANCE POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PUBLIC PUBLIC ADMINISTRATION PUBLIC CAPITAL PUBLIC DEBT PUBLIC DEBT LEVELS PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC REVENUE PUBLIC SERVICES PUBLIC SPENDING PUBLIC SPENDING ALLOCATIONS ROAD CONSTRUCTION ROADS SUBNATIONAL TAX TAX REVENUE TAXATION Gemmell, Norman Misch, Florian Moreno-Dodson, Blanca Public Spending for Long-Run Growth : A Practitioners' View |
| relation |
Economic premise;no. 99 |
| description |
By financing public goods and services
that enhance productivity and promote private investment,
public spending is widely believed to be critical for
long-run growth. Such effects are distinct from any
short-run Keynesian response to a public spending stimulus.
While a short-run response generally operates through
aggregate demand, long-run growth effects alter aggregate
supply conditions. While academic literature generally
supports the belief that public spending promotes growth in
the long run, understanding which public expenditure
allocations can trigger such effects in a particular country
setting is challenging in practice. The objective of this
note1 is to review the trade-offs faced by fiscal policy
makers in developing countries who are considering using
public expenditure policy as an instrument to promote long
run growth, provide guidance from the empirical literature,
and review the types of data sources that are helpful in
this context. |
| format |
Publications & Research :: Brief |
| author |
Gemmell, Norman Misch, Florian Moreno-Dodson, Blanca |
| author_facet |
Gemmell, Norman Misch, Florian Moreno-Dodson, Blanca |
| author_sort |
Gemmell, Norman |
| title |
Public Spending for Long-Run Growth : A Practitioners' View |
| title_short |
Public Spending for Long-Run Growth : A Practitioners' View |
| title_full |
Public Spending for Long-Run Growth : A Practitioners' View |
| title_fullStr |
Public Spending for Long-Run Growth : A Practitioners' View |
| title_full_unstemmed |
Public Spending for Long-Run Growth : A Practitioners' View |
| title_sort |
public spending for long-run growth : a practitioners' view |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/12/17012446/public-spending-long-run-growth-practitioners-view http://hdl.handle.net/10986/17061 |
| _version_ |
1764435284278116352 |