Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries /

Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper confirm th...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Kojo, Naoko
Weitere Verfasser: Baldacci, Emanuele, Hillman, Arye
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2003.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2003/237
Online Zugang:Full text available on IMF