Assessing the Impact of Public Spending on Growth : An Empirical Analysis for Seven Fast Growing Countries

The goal of this paper is to understand better, at the empirical level, how public spending contributes to growth by focusing on both the level and composition of public spending, in connection to the dynamics of GDP per capita growth. It attempts...

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Bibliographic Details
Main Author:	Moreno-Dodson, Blanca
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING FRAMEWORK ALLOCATION BUDGET ALLOCATIONS BUDGET IMPLEMENTATION BUDGET PLAN BUDGET SURPLUS BUREAUCRATIC QUALITY BUSINESS CYCLES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CATEGORIES OF EXPENDITURES CENTRAL GOVERNMENT CIVIL SERVICE CLASSIFICATION OF EXPENDITURES COMPARISON GROUP COMPOSITION OF PUBLIC SPENDING CONSUMER PRICE INDEX CONTINGENT LIABILITIES CONTRIBUTION CONTRIBUTIONS COUNTRY CASE COUNTRY LEVEL CREATIVE ACCOUNTING CREDIBILITY CROSS-COUNTRY ANALYSIS DATA AVAILABILITY DATA COLLECTION DEBT SUSTAINABILITY DECENTRALIZATION DECENTRALIZATION OF GOVERNMENT ACTIVITIES DELIVERY OF HEALTH SERVICES DEPENDANT DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT INDICATORS DEVELOPMENT STRATEGIES DUMMY VARIABLE DUMMY VARIABLES DYNAMIC PANEL ECONOMIC AFFAIRS ECONOMIC GROWTH ECONOMIC MANAGEMENT EDUCATION EXPENDITURES ELECTRICITY EMPIRICAL LITERATURE EMPIRICAL REGULARITIES EMPIRICAL RESULTS EMPIRICAL STUDIES ESTIMATED COEFFICIENTS ESTIMATION METHOD ESTIMATION RESULTS EXPENDITURE CLASSIFICATION EXPENDITURE DECISIONS EXPENDITURE FUNCTIONS EXPENDITURE TRACKING SURVEYS EXPLANATORY VARIABLES EXTERNAL DEBT EXTERNALITIES FINANCES FINANCIAL CRISES FISCAL ADJUSTMENT FISCAL ADJUSTMENTS FISCAL BALANCE FISCAL CONTROL FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL EXPENDITURES FISCAL POLICY FISCAL REVENUE FISCAL RULES FISCAL STABILITY FISCAL SURPLUS FISCAL TARGETS GENERAL PUBLIC GINI COEFFICIENT GOLDEN RULE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT BUDGETS GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT SAVINGS GOVERNMENT SPENDING GROWTH CONTEXT GROWTH EFFECT GROWTH EQUATION GROWTH IMPACT GROWTH LITERATURE GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH REGRESSIONS HEALTH CARE HEALTH EXPENDITURE HEALTH EXPENDITURES HEALTH OUTCOMES HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME DISPARITIES INCOME DISTRIBUTION INCOME POVERTY INDEPENDENT VARIABLES INDEX GROWTH INDUSTRIAL POLICY INFLATION INFLATION RATE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INTEREST RATES INTERNATIONAL BANK INVESTMENT FLOWS INVESTMENT RATIO LABOR FORCE LAGGED DEPENDENT LAGGED GROWTH LAGGED VALUE LAGGED VALUES LEVELS OF PUBLIC SPENDING LIFE EXPECTANCY LIVING STANDARDS LONG RUN LONG-RUN GROWTH LOW INCOME MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MAINTENANCE OF ROADS NEGATIVE EFFECT NEGATIVE IMPACT NEGATIVE SIGN NET BORROWING NET CAPITAL NET DEBT NET LENDING 0 HYPOTHESIS PANEL REGRESSIONS PER CAPITA GROWTH PHYSICAL ASSETS POLICY FORMULATION POLICY IMPLICATIONS POLICY ISSUES POLICY MAKERS POLICY PERSPECTIVE POLICY RESEARCH POLITICAL CONSIDERATIONS POLITICAL RISK POSITIVE COEFFICIENT POVERTY REDUCTION PRICE INDEX PRIVATE CAPITAL PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC PUBLIC CAPITAL PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING QUALITY OF EDUCATION QUALITY OF PUBLIC SPENDING RATE OF GROWTH RATES OF RETURN RATIO OF PUBLIC SPENDING RESEARCH ASSISTANCE RETURN ROAD NETWORK RURAL AREAS SALARIES SANITATION SAVINGS SIGNIFICANT EFFECT SIGNIFICANT IMPACT SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOCIAL INFRASTRUCTURE SOCIAL SECURITY SOCIAL SPENDING STANDARD DEVIATION STATE UNIVERSITY STOCKS TAX TAX BURDEN TAX REVENUE TAX REVENUES TAX SYSTEM TAXATION TECHNOLOGICAL PROGRESS TOTAL PUBLIC SPENDING TOTAL SPENDING TRADING TRANSPARENCY TYPES OF EXPENDITURES UNCERTAINTY
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9669857/assessing-impact-public-spending-growth-empirical-analysis-seven-fast-growing-countries http://hdl.handle.net/10986/6850