LEADER 05859oam 22012374 450 001 9910788237803321 005 20230721045650.0 010 $a1-4623-9514-7 010 $a1-4527-5917-0 010 $a9786612841064 010 $a1-4518-7013-2 010 $a1-282-84106-8 035 $a(CKB)3170000000055031 035 $a(EBL)1607881 035 $a(SSID)ssj0000944033 035 $a(PQKBManifestationID)11944105 035 $a(PQKBTitleCode)TC0000944033 035 $a(PQKBWorkID)10982173 035 $a(PQKB)10677554 035 $a(OCoLC)762121227 035 $a(MiAaPQ)EBC1607881 035 $a(IMF)WPIEE2008155 035 $a(EXLCZ)993170000000055031 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal Policy and Economic Development /$fAlex Mourmouras, Peter Rangazas 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/155 300 $aDescription based upon print version of record. 311 $a1-4519-1466-0 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $aB. 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 330 3 $aThis paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/155 606 $aFiscal policy$xEconometric models 606 $aEconomic development$xEconometric models 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aProduction and Operations Management$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aHuman Capital$2imf 606 $aSkills$2imf 606 $aOccupational Choice$2imf 606 $aLabor Productivity$2imf 606 $aLabor Economics: General$2imf 606 $aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change$2imf 606 $aIndustrial Price Indices$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aPublic finance & taxation$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aEconomic growth$2imf 606 $aPublic investment spending$2imf 606 $aLabor productivity$2imf 606 $aStructural transformation$2imf 606 $aLabor share$2imf 606 $aPublic investments$2imf 606 $aLabor economics$2imf 606 $aEconomic development$2imf 606 $aWages$2imf 607 $aUnited States$2imf 615 0$aFiscal policy$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 7$aLabor 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aProduction and Operations Management 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aHuman Capital 615 7$aSkills 615 7$aOccupational Choice 615 7$aLabor Productivity 615 7$aLabor Economics: General 615 7$aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change 615 7$aIndustrial Price Indices 615 7$aWages, Compensation, and Labor Costs: General 615 7$aPublic finance & taxation 615 7$aLabour 615 7$aincome economics 615 7$aEconomic growth 615 7$aPublic investment spending 615 7$aLabor productivity 615 7$aStructural transformation 615 7$aLabor share 615 7$aPublic investments 615 7$aLabor economics 615 7$aEconomic development 615 7$aWages 676 $a336.3015195 700 $aMourmouras$b Alex$0790243 701 $aRangazas$b Peter$0790244 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788237803321 996 $aFiscal Policy and Economic Development$93704207 997 $aUNINA