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...

Full beskrivning

Bibliografiska uppgifter
Huvudupphovsman: Kojo, Naoko
Övriga upphovsmän: Baldacci, Emanuele, Hillman, Arye
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2003.
Serie:IMF Working Papers; Working Paper ; No. 2003/237
Länkar:Full text available on IMF