Government Spending Multipliers in Developing Countries : Evidence from Lending by Official Creditors

This paper uses a novel loan-level dataset covering lending by official creditors to developing country governments to construct an instrument for government spending. These loans typically finance multi-year spending projects, with disbursements linked to the stages of project implementation. The i...

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Bibliographic Details
Main Author: Kraay, Aart
Format: Journal Article
Language:en_US
Published: American Economic Association 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16313