Is Social Spending Procyclical? /

This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow a...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Gupta, Sanjeev
Muut tekijät: Arze del Granado, Javier, Hajdenberg, Alejandro
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2010.
Sarja:IMF Working Papers; Working Paper ; No. 2010/234
Linkit:Full text available on IMF
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100 1 |a Gupta, Sanjeev. 
245 1 0 |a Is Social Spending Procyclical? /  |c Sanjeev Gupta, Alejandro Hajdenberg, Javier Arze del Granado. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are procyclical during periods of positive output gap and acyclical during periods of negative output gap. Furthermore, the degree of cyclicality is higher the lower the level of economic development. 
538 |a Mode of access: Internet 
700 1 |a Arze del Granado, Javier. 
700 1 |a Hajdenberg, Alejandro. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/234 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/234/001.2010.issue-234-en.xml  |z IMF e-Library