Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure? /

This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF's GFS yearbook for the period 1970-2010 and 56 countries (14 low-, 16 medium-, and 26 high-income countries). Using dynamic panel GMM estimators, we find...

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Hlavní autor: Acosta Ormaechea, Santiago
Další autoři: Morozumi, Atsuyoshi
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/162
On-line přístup:Full text available on IMF