05859oam 22012374 450 991078823780332120230721045650.01-4623-9514-71-4527-5917-097866128410641-4518-7013-21-282-84106-8(CKB)3170000000055031(EBL)1607881(SSID)ssj0000944033(PQKBManifestationID)11944105(PQKBTitleCode)TC0000944033(PQKBWorkID)10982173(PQKB)10677554(OCoLC)762121227(MiAaPQ)EBC1607881(IMF)WPIEE2008155(EXLCZ)99317000000005503120020129d2008 uf 0engur|n|---|||||txtccrFiscal Policy and Economic Development /Alex Mourmouras, Peter RangazasWashington, D.C. :International Monetary Fund,2008.1 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, rising public infrastructure investment, and less representative governments in many of today's developing economies.IMF Working Papers; Working Paper ;No. 2008/155Fiscal policyEconometric modelsEconomic developmentEconometric modelsLaborimfMacroeconomicsimfPublic FinanceimfProduction and Operations ManagementimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfHuman CapitalimfSkillsimfOccupational ChoiceimfLabor ProductivityimfLabor Economics: GeneralimfIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeimfIndustrial Price IndicesimfWages, Compensation, and Labor Costs: GeneralimfPublic finance & taxationimfLabourimfincome economicsimfEconomic growthimfPublic investment spendingimfLabor productivityimfStructural transformationimfLabor shareimfPublic investmentsimfLabor economicsimfEconomic developmentimfWagesimfUnited StatesimfFiscal policyEconometric models.Economic developmentEconometric models.LaborMacroeconomicsPublic FinanceProduction and Operations ManagementNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockHuman CapitalSkillsOccupational ChoiceLabor ProductivityLabor Economics: GeneralIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeIndustrial Price IndicesWages, Compensation, and Labor Costs: GeneralPublic finance & taxationLabourincome economicsEconomic growthPublic investment spendingLabor productivityStructural transformationLabor sharePublic investmentsLabor economicsEconomic developmentWages336.3015195Mourmouras Alex790243Rangazas Peter790244DcWaIMFBOOK9910788237803321Fiscal Policy and Economic Development3704207UNINA