FISCAL-POLICY AND ECONOMIC-GROWTH - AN EMPIRICAL-INVESTIGATION

• 成果类型: Article; Proceedings Paper
• 署名作者: EASTERLY, W; REBELO, S
• 署名单位: University of Rochester; The World Bank
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/0304-3932(93)90025-B
• 发表日期: 1993
• 页码: 417-458
• 关键词: growth; Development; fiscal policy

摘要

This paper describes the empirical regularities relating fiscal policy variables, the level of development, and the rate of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main findings are: (i) there is a strong association between the development level and the fiscal structure: poor countries rely heavily on international trade taxes, while income taxes are only important in developed economies; (ii) fiscal policy is influenced by the scale of the economy, measured by its population; (iii) investment in transport and communication is consistently correlated with growth; (iv) the effects of taxation are difficult to isolate empirically.