06078oam 22013334 450 991096112170332120250426110826.0978661284106497814623951491462395147978145275917314527591709781451870138145187013297812828410621282841068(CKB)3170000000055031(EBL)1607881(SSID)ssj0000944033(PQKBManifestationID)11944105(PQKBTitleCode)TC0000944033(PQKBWorkID)10982173(PQKB)10677554(OCoLC)762121227(IMF)WPIEE2008155(MiAaPQ)EBC1607881(IMF)WPIEA2008155WPIEA2008155(EXLCZ)99317000000005503120020129d2008 uf 0engur|n|---|||||txtccrFiscal Policy and Economic Development /Alex Mourmouras, Peter Rangazas1st ed.Washington, 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.9781451914665 1451914660 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 modelsEconomic developmentimfEconomic growthimfHuman CapitalimfIncome economicsimfIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeimfIndustrial Price IndicesimfLabor economicsimfLabor Economics: GeneralimfLabor ProductivityimfLabor productivityimfLabor shareimfLaborimfLabourimfMacroeconomicsimfNational Government Expenditures and Related Policies: InfrastructuresimfOccupational ChoiceimfOther Public Investment and Capital StockimfProduction and Operations ManagementimfPublic finance & taxationimfPublic FinanceimfPublic investment spendingimfPublic investmentsimfSkillsimfStructural transformationimfWagesimfWages, Compensation, and Labor Costs: GeneralimfUnited StatesimfFiscal policyEconometric models.Economic developmentEconometric models.Economic developmentEconomic growthHuman CapitalIncome economicsIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeIndustrial Price IndicesLabor economicsLabor Economics: GeneralLabor ProductivityLabor productivityLabor shareLaborLabourMacroeconomicsNational Government Expenditures and Related Policies: InfrastructuresOccupational ChoiceOther Public Investment and Capital StockProduction and Operations ManagementPublic finance & taxationPublic FinancePublic investment spendingPublic investmentsSkillsStructural transformationWagesWages, Compensation, and Labor Costs: General336.3015195Mourmouras Alex790243Rangazas Peter790244DcWaIMFBOOK9910961121703321Fiscal Policy and Economic Development4372940UNINA