How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries
Although many studies indicate that both the level and composition of public spending are significant for economic growth, the results in the empirical literature are still mixed. This note is based on a paper of the same title (Bayraktar and Moren...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2011/02/13721068/public-spending-can-help-grow-empirical-analysis-developing-countries http://hdl.handle.net/10986/10107 |
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okr-10986-101072021-04-23T14:02:48Z How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries Moreno-Dodson, Blanca Bayraktar, Nihal ACCOUNTING BANK POLICY BUDGET ALLOCATIONS BUDGET DEFICIT CAPITAL ASSETS CAPITAL EXPENDITURE CAPITAL SPENDING COMPARISON GROUP COMPOSITION OF GOVERNMENT SPENDING COMPOSITION OF PUBLIC SPENDING COUNTRY LEVEL COUNTRY-SPECIFIC CHARACTERISTICS CREATIVE ACCOUNTING CROSS-COUNTRY STUDY CURRENT ACCOUNT DEFICITS DEBT DEFENSE EXPENDITURES DEFICITS DETERMINING GROWTH DEVELOPING COUNTRIES DEVELOPMENT COUNTRIES DIVERSIFICATION DOMESTIC INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC POLICY ENVIRONMENT ECONOMIC STUDIES EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL RESULTS EMPIRICAL STUDIES ENDOGENOUS GROWTH ENDOGENOUS GROWTH MODEL FINANCES FINANCIAL MARKETS FINANCIAL STATISTICS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICIES FISCAL POLICY FISCAL RULES GLOBAL TRADE GLOBALIZATION GOLDEN RULE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH CONTEXT GROWTH MODEL GROWTH PERFORMANCE GROWTH RATE HEALTH SPENDING HOUSING HUMAN CAPITAL INFLATION LIABILITY LOCAL MARKETS LONG RUN MACROECONOMIC STABILITY NEGATIVE IMPACT NEGATIVE INCENTIVES NET BORROWING NET DEBT NET EFFECT PER CAPITA GROWTH POLICY IMPLICATIONS POLICY RESEARCH POLITICAL ECONOMY POSITIVE IMPACT POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTION FUNCTION PUBLIC PUBLIC CAPITAL PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SERVICES PUBLIC SPENDING REDUCING INFLATION RETURN RURAL INFRASTRUCTURE SIGNIFICANT IMPACT SOCIAL SPENDING TAXATION TOTAL PUBLIC EXPENDITURE TOTAL PUBLIC SPENDING TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICY TRADING TRANSITION ECONOMIES Although many studies indicate that both the level and composition of public spending are significant for economic growth, the results in the empirical literature are still mixed. This note is based on a paper of the same title (Bayraktar and Moreno-Dodson 2010) that compares a set of fast-growing developing countries to a mix of developing countries with different growth patterns. Considering the full government budget constraint, the empirical analysis shows that public spending, especially its 'core' components, contributes to economic growth only in countries that are capable of using funds for productive purposes. In addition, those countries must have an adequate economic policy environment with macroeconomic stability, openness, and private sector investments that are conducive to growth. 2012-08-13T10:26:26Z 2012-08-13T10:26:26Z 2011-02 http://documents.worldbank.org/curated/en/2011/02/13721068/public-spending-can-help-grow-empirical-analysis-developing-countries http://hdl.handle.net/10986/10107 English Economic Premise; No. 48 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
ACCOUNTING BANK POLICY BUDGET ALLOCATIONS BUDGET DEFICIT CAPITAL ASSETS CAPITAL EXPENDITURE CAPITAL SPENDING COMPARISON GROUP COMPOSITION OF GOVERNMENT SPENDING COMPOSITION OF PUBLIC SPENDING COUNTRY LEVEL COUNTRY-SPECIFIC CHARACTERISTICS CREATIVE ACCOUNTING CROSS-COUNTRY STUDY CURRENT ACCOUNT DEFICITS DEBT DEFENSE EXPENDITURES DEFICITS DETERMINING GROWTH DEVELOPING COUNTRIES DEVELOPMENT COUNTRIES DIVERSIFICATION DOMESTIC INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC POLICY ENVIRONMENT ECONOMIC STUDIES EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL RESULTS EMPIRICAL STUDIES ENDOGENOUS GROWTH ENDOGENOUS GROWTH MODEL FINANCES FINANCIAL MARKETS FINANCIAL STATISTICS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICIES FISCAL POLICY FISCAL RULES GLOBAL TRADE GLOBALIZATION GOLDEN RULE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH CONTEXT GROWTH MODEL GROWTH PERFORMANCE GROWTH RATE HEALTH SPENDING HOUSING HUMAN CAPITAL INFLATION LIABILITY LOCAL MARKETS LONG RUN MACROECONOMIC STABILITY NEGATIVE IMPACT NEGATIVE INCENTIVES NET BORROWING NET DEBT NET EFFECT PER CAPITA GROWTH POLICY IMPLICATIONS POLICY RESEARCH POLITICAL ECONOMY POSITIVE IMPACT POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTION FUNCTION PUBLIC PUBLIC CAPITAL PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SERVICES PUBLIC SPENDING REDUCING INFLATION RETURN RURAL INFRASTRUCTURE SIGNIFICANT IMPACT SOCIAL SPENDING TAXATION TOTAL PUBLIC EXPENDITURE TOTAL PUBLIC SPENDING TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICY TRADING TRANSITION ECONOMIES |
| spellingShingle |
ACCOUNTING BANK POLICY BUDGET ALLOCATIONS BUDGET DEFICIT CAPITAL ASSETS CAPITAL EXPENDITURE CAPITAL SPENDING COMPARISON GROUP COMPOSITION OF GOVERNMENT SPENDING COMPOSITION OF PUBLIC SPENDING COUNTRY LEVEL COUNTRY-SPECIFIC CHARACTERISTICS CREATIVE ACCOUNTING CROSS-COUNTRY STUDY CURRENT ACCOUNT DEFICITS DEBT DEFENSE EXPENDITURES DEFICITS DETERMINING GROWTH DEVELOPING COUNTRIES DEVELOPMENT COUNTRIES DIVERSIFICATION DOMESTIC INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC POLICY ENVIRONMENT ECONOMIC STUDIES EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL RESULTS EMPIRICAL STUDIES ENDOGENOUS GROWTH ENDOGENOUS GROWTH MODEL FINANCES FINANCIAL MARKETS FINANCIAL STATISTICS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICIES FISCAL POLICY FISCAL RULES GLOBAL TRADE GLOBALIZATION GOLDEN RULE GOVERNMENT BUDGET GOVERNMENT BUDGET CONSTRAINT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH CONTEXT GROWTH MODEL GROWTH PERFORMANCE GROWTH RATE HEALTH SPENDING HOUSING HUMAN CAPITAL INFLATION LIABILITY LOCAL MARKETS LONG RUN MACROECONOMIC STABILITY NEGATIVE IMPACT NEGATIVE INCENTIVES NET BORROWING NET DEBT NET EFFECT PER CAPITA GROWTH POLICY IMPLICATIONS POLICY RESEARCH POLITICAL ECONOMY POSITIVE IMPACT POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTION FUNCTION PUBLIC PUBLIC CAPITAL PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SERVICES PUBLIC SPENDING REDUCING INFLATION RETURN RURAL INFRASTRUCTURE SIGNIFICANT IMPACT SOCIAL SPENDING TAXATION TOTAL PUBLIC EXPENDITURE TOTAL PUBLIC SPENDING TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICY TRADING TRANSITION ECONOMIES Moreno-Dodson, Blanca Bayraktar, Nihal How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| relation |
Economic Premise; No. 48 |
| description |
Although many studies indicate that both
the level and composition of public spending are significant
for economic growth, the results in the empirical literature
are still mixed. This note is based on a paper of the same
title (Bayraktar and Moreno-Dodson 2010) that compares a set
of fast-growing developing countries to a mix of developing
countries with different growth patterns. Considering the
full government budget constraint, the empirical analysis
shows that public spending, especially its 'core'
components, contributes to economic growth only in countries
that are capable of using funds for productive purposes. In
addition, those countries must have an adequate economic
policy environment with macroeconomic stability, openness,
and private sector investments that are conducive to growth. |
| format |
Publications & Research :: Brief |
| author |
Moreno-Dodson, Blanca Bayraktar, Nihal |
| author_facet |
Moreno-Dodson, Blanca Bayraktar, Nihal |
| author_sort |
Moreno-Dodson, Blanca |
| title |
How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| title_short |
How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| title_full |
How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| title_fullStr |
How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| title_full_unstemmed |
How Public Spending Can Help You Grow : An Empirical Analysis for Developing Countries |
| title_sort |
how public spending can help you grow : an empirical analysis for developing countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2011/02/13721068/public-spending-can-help-grow-empirical-analysis-developing-countries http://hdl.handle.net/10986/10107 |
| _version_ |
1764411868763389952 |