03525nam 2200637 450 991046399880332120170821155846.01-4623-9514-71-4527-5917-097866128410641-4518-7013-21-282-84106-8(CKB)3170000000055031(EBL)1607881(SSID)ssj0000944033(PQKBManifestationID)11944105(PQKBTitleCode)TC0000944033(PQKBWorkID)10982173(PQKB)10677554(OCoLC)762121227(MiAaPQ)EBC1607881(EXLCZ)99317000000005503120140226h20082008 uy 0engur|n|---|||||txtccrFiscal policy and economic development /Alex Mourmouras and Peter Rangazas[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (35 p.)IMF Working PapersIMF working paper ;WP/08/155Description based upon print version of record.1-4519-1466-0 Includes bibliographical references.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 ModelB. 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; AppendixThis 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, risiIMF Working PapersFiscal policyEconometric modelsEconomic developmentEconometric modelsElectronic books.Fiscal policyEconometric models.Economic developmentEconometric models.336.3015195Mourmouras Alex790243Rangazas Peter790244MiAaPQMiAaPQMiAaPQBOOK9910463998803321Fiscal policy and economic development1984638UNINA