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

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 public spending that can be used to estimate government spending multipliers. Loans from official cre...

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Bibliographic Details
Main Author: Kraay, Aart
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
BANK BORROWERS
BANK FINANCING
BANK LENDING
BANK LOAN
BIASES
BILATERAL DISBURSEMENTS
BORROWER
BUSINESS CYCLE
CAPITAL MOBILITY
CENTRAL BANKS
CHECKS
CONSUMPTION EXPENDITURES
CREDIT AGENCIES
CREDIT LINES
CREDITOR
CREDITORS
CREDITS
DEBT
DEBT DATA
DEBT OBLIGATIONS
DEBTOR
DEBTOR REPORTING SYSTEM
DEPENDENT
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT ASSISTANCE
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT LOANS
DISBURSEMENT
DISBURSEMENTS
DOMESTIC DEBT
DUMMY VARIABLE
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC POLICY
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EXCHANGE RATE ARRANGEMENTS
EXCHANGE RATES
EXCLUSION
EXTERNAL DEBT
FACE VALUE
FINANCIAL ASSISTANCE
FINANCIAL CRISIS
FINANCIAL OPENNESS
FINANCIAL SUPPORT
FISCAL POLICY
FIXED EXCHANGE RATE
FIXED EXCHANGE RATES
FLEXIBLE EXCHANGE RATE
FUTURE LOANS
GLOBAL DEVELOPMENT FINANCE
GLOBAL ECONOMY
GOVERNMENT EXPENDITURE
GOVERNMENT FINANCE
GOVERNMENT INVESTMENT
GOVERNMENT SPENDING
GRACE PERIOD
GROUPS OF LOANS
HOUSEHOLDS
INDIVIDUAL LOANS
INFRASTRUCTURE INVESTMENT
INITIAL LOAN
INSTITUTIONAL ENVIRONMENT
INSTRUMENT
INTEREST EXPENDITURES
INTEREST PAYMENTS
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL BORROWING
INTERNATIONAL DEVELOPMENT
INTERNATIONAL TRADE
INVESTING
INVESTMENT BANK
LARGE NUMBER OF CREDITORS
LENDERS
LOAN
LOAN AGREEMENTS
LOAN AMOUNT
LOAN APPROVAL
LOAN APPROVALS
LOAN COMMITMENT
LOAN COMMITMENTS
LOAN SIZE
LOCAL CURRENCY
MACROECONOMIC CONDITIONS
MACROECONOMIC CRISES
MAJOR CREDITORS
MARKET ECONOMIES
MARKET INTEREST RATES
MATURITY
MAXIMUM LOAN AMOUNT
MONETARY FUND
MONETARY POLICY
MULTILATERAL LENDERS
NATURAL DISASTER
NATURAL DISASTERS
NEGATIVE SHOCKS
NOMINAL INTEREST RATE
PENSION
PENSION FUND
POLICY RESPONSE
POLITICAL ECONOMY
PRIVATE CREDITORS
PROCUREMENT
PROVISIONS
PUBLIC
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC POLICY
PUBLIC SECTOR
PUBLIC SECTOR REFORM
PUBLIC SPENDING
RECESSION
RECESSIONS
RECIPIENT COUNTRIES
RECIPIENT COUNTRY
REINVESTMENT
REPAYMENT
REPAYMENT PERIODS
REPAYMENTS
RETURN
ROADS
SOVEREIGN DEBT
STOCK RETURNS
T-BILL
T-BILL RATE
T-BILLS
TAX
TAX OBLIGATIONS
TREASURY
TREASURY BILL
TREASURY BILL RATE
TREASURY BILL RATES
UNION
WEALTH EFFECT
WEALTH EFFECTS
Online Access:http://documents.worldbank.org/curated/en/2012/06/16398361/government-spending-multipliers-developing-countries-evidence-lending-official-creditors
http://hdl.handle.net/10986/9311

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