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Record Nr. |
UNINA9910961121703321 |
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Autore |
Mourmouras Alex |
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Titolo |
Fiscal Policy and Economic Development / / Alex Mourmouras, Peter Rangazas |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612841064 |
9781462395149 |
1462395147 |
9781452759173 |
1452759170 |
9781451870138 |
1451870132 |
9781282841062 |
1282841068 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (35 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/155 |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Fiscal policy - Econometric models |
Economic development - Econometric models |
Economic development |
Economic growth |
Human Capital |
Income economics |
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change |
Industrial Price Indices |
Labor economics |
Labor Economics: General |
Labor Productivity |
Labor productivity |
Labor share |
Labor |
Labour |
Macroeconomics |
National Government Expenditures and Related Policies: Infrastructures |
Occupational Choice |
Other Public Investment and Capital Stock |
Production and Operations Management |
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Public finance & taxation |
Public Finance |
Public investment spending |
Public investments |
Skills |
Structural transformation |
Wages |
Wages, Compensation, and Labor Costs: General |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; Figures; 1. Selected Industrial Countries: Government Purchases (share of GDP); Tables; 1. Government in Developed and Developing Countries; 2. Growth Rate in Productivity per Hour Worked (Annualized Percent); II. Related Literature; A. Growth of Government; B. Taxation and the Traditional Sector; C. Land Inequality and Development; III. The Model; A. Production; B. Households; C. Equilibrium; D. Government; IV. Explaining Fiscal Policy; V. Government Debt; VI. Calibration Experiments; A. Calibrating the Model |
B. Historical Growth Experience of Currently Developed Countries2. Calibrated Parameters; 3. Predicted (Dashed) versus Actual (Solid) Government Purchase Share; 4. Predicted (Dashed) versus Actual (Solid) Government Investment Share; C. Growth of Currently Developing Countries; 5. Predicted (Dashed) versus Actual (Solid) Labor Productivity Growth Rates; 6. Tax Rates; 7. Share of Labor Force in Modern Sector; VII. Conclusion; 8. Labor Productivity Growth Rates; References; Appendix |
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Sommario/riassunto |
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This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies. |
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