Fiscal Policy and Economic Development / / Alex Mourmouras, Peter Rangazas

• Autore: Mourmouras Alex
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
• Descrizione fisica: 1 online resource (35 p.)
• Disciplina: 336.3015195
• Soggetto topico: Fiscal policy - Econometric models; Economic development - Econometric models; Labor; Macroeconomics; Public Finance; Production and Operations Management; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; Human Capital; Skills; Occupational Choice; Labor Productivity; Labor Economics: General; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices; Wages, Compensation, and Labor Costs: General; Public finance & taxation; Labour; income economics; Economic growth; Public investment spending; Labor productivity; Structural transformation; Labor share; Public investments; Labor economics; Economic development; Wages
• Soggetto geografico: United States
• Altri autori: RangazasPeter
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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.
• Titolo autorizzato: Fiscal Policy and Economic Development
• ISBN: 1-4623-9514-7; 1-4527-5917-0; 9786612841064; 1-4518-7013-2; 1-282-84106-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788237803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2008/155