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...

Полное описание

Библиографические подробности
Главный автор: Kojo, Naoko
Другие авторы: Baldacci, Emanuele, Hillman, Arye
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2003.
Серии:IMF Working Papers; Working Paper ; No. 2003/237
Online-ссылка:Full text available on IMF