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Assessing the Impact of Public Spending on Growth : An Empirical Analysis for Seven Fast Growing Countries

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dc.contributor.authorMoreno-Dodson, Blanca
dc.date.accessioned2012-06-01T15:08:10Z
dc.date.available2012-06-01T15:08:10Z
dc.date.issued2008-07
dc.description.abstractThe goal of this paper is to understand better, at the empirical level, how public spending contributes to growth by focusing on both the level and composition of public spending, in connection to the dynamics of GDP per capita growth. It attempts to answer two specific questions: (a) What are the policy conditions under which public spending contributes positively to growth? and (b) What are the public spending components that have a stronger and longer-lasting impact on growth? The analysis is applied to a sample of seven fast-growing developing countries: Korea, Singapore, Malaysia, Thailand, Indonesia, Botswana, and Mauritius, which have been among the top performers in the world in terms of GDP per capita growth during the period (1960-2006). The rationale for this country sample selection is twofold. The first hypothesis is that, given their positive growth achievements over a relatively long time period, perhaps it is more straightforward to establish a link to public spending in those countries. Second, it is expected that the findings of the analysis will provide lessons regarding the level and composition of public spending that can be useful for other countries where growth has been less rapid. Assessing what role public spending has played in a dynamic growth context may indeed be enlightening for other cases as well. The paper is structured as follows. The first section is an introduction that provides relevant facts and information about the seven countries during the period of analysis, based on seven individual country case studies. Section II presents the theoretical background behind the empirical analysis. Section III focuses on the empirical methodology, function specification, and variables selected. Section IV is dedicated to the results obtained with the cross-country analysis and some specific country results, as well as some comparisons with previous findings by other authors. Finally, Section V draws policy implications and concludes.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/07/9669857/assessing-impact-public-spending-growth-empirical-analysis-seven-fast-growing-countries
dc.identifier.doi10.1596/1813-9450-4663
dc.identifier.urihttps://hdl.handle.net/10986/6850
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper No. 4663
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING FRAMEWORK
dc.subjectALLOCATION
dc.subjectBUDGET ALLOCATIONS
dc.subjectBUDGET IMPLEMENTATION
dc.subjectBUDGET PLAN
dc.subjectBUDGET SURPLUS
dc.subjectBUREAUCRATIC QUALITY
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL STOCK
dc.subjectCATEGORIES OF EXPENDITURES
dc.subjectCENTRAL GOVERNMENT
dc.subjectCIVIL SERVICE
dc.subjectCLASSIFICATION OF EXPENDITURES
dc.subjectCOMPARISON GROUP
dc.subjectCOMPOSITION OF PUBLIC SPENDING
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRIBUTION
dc.subjectCONTRIBUTIONS
dc.subjectCOUNTRY CASE
dc.subjectCOUNTRY LEVEL
dc.subjectCREATIVE ACCOUNTING
dc.subjectCREDIBILITY
dc.subjectCROSS-COUNTRY ANALYSIS
dc.subjectDATA AVAILABILITY
dc.subjectDATA COLLECTION
dc.subjectDEBT SUSTAINABILITY
dc.subjectDECENTRALIZATION
dc.subjectDECENTRALIZATION OF GOVERNMENT ACTIVITIES
dc.subjectDELIVERY OF HEALTH SERVICES
dc.subjectDEPENDANT
dc.subjectDEPENDENT VARIABLE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectDYNAMIC PANEL
dc.subjectECONOMIC AFFAIRS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectEDUCATION EXPENDITURES
dc.subjectELECTRICITY
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL REGULARITIES
dc.subjectEMPIRICAL RESULTS
dc.subjectEMPIRICAL STUDIES
dc.subjectESTIMATED COEFFICIENTS
dc.subjectESTIMATION METHOD
dc.subjectESTIMATION RESULTS
dc.subjectEXPENDITURE CLASSIFICATION
dc.subjectEXPENDITURE DECISIONS
dc.subjectEXPENDITURE FUNCTIONS
dc.subjectEXPENDITURE TRACKING SURVEYS
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNALITIES
dc.subjectFINANCES
dc.subjectFINANCIAL CRISES
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL ADJUSTMENTS
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONTROL
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL EXPENDITURES
dc.subjectFISCAL POLICY
dc.subjectFISCAL REVENUE
dc.subjectFISCAL RULES
dc.subjectFISCAL STABILITY
dc.subjectFISCAL SURPLUS
dc.subjectFISCAL TARGETS
dc.subjectGENERAL PUBLIC
dc.subjectGINI COEFFICIENT
dc.subjectGOLDEN RULE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET CONSTRAINT
dc.subjectGOVERNMENT BUDGETS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT SAVINGS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH CONTEXT
dc.subjectGROWTH EFFECT
dc.subjectGROWTH EQUATION
dc.subjectGROWTH IMPACT
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH PROCESS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSION
dc.subjectGROWTH REGRESSIONS
dc.subjectHEALTH CARE
dc.subjectHEALTH EXPENDITURE
dc.subjectHEALTH EXPENDITURES
dc.subjectHEALTH OUTCOMES
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME DISPARITIES
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME POVERTY
dc.subjectINDEPENDENT VARIABLES
dc.subjectINDEX GROWTH
dc.subjectINDUSTRIAL POLICY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT RATIO
dc.subjectLABOR FORCE
dc.subjectLAGGED DEPENDENT
dc.subjectLAGGED GROWTH
dc.subjectLAGGED VALUE
dc.subjectLAGGED VALUES
dc.subjectLEVELS OF PUBLIC SPENDING
dc.subjectLIFE EXPECTANCY
dc.subjectLIVING STANDARDS
dc.subjectLONG RUN
dc.subjectLONG-RUN GROWTH
dc.subjectLOW INCOME
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMAINTENANCE OF ROADS
dc.subjectNEGATIVE EFFECT
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE SIGN
dc.subjectNET BORROWING
dc.subjectNET CAPITAL
dc.subjectNET DEBT
dc.subjectNET LENDING
dc.subject0 HYPOTHESIS
dc.subjectPANEL REGRESSIONS
dc.subjectPER CAPITA GROWTH
dc.subjectPHYSICAL ASSETS
dc.subjectPOLICY FORMULATION
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY ISSUES
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PERSPECTIVE
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL CONSIDERATIONS
dc.subjectPOLITICAL RISK
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INDEX
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC
dc.subjectPUBLIC CAPITAL
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE TRACKING
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectQUALITY OF EDUCATION
dc.subjectQUALITY OF PUBLIC SPENDING
dc.subjectRATE OF GROWTH
dc.subjectRATES OF RETURN
dc.subjectRATIO OF PUBLIC SPENDING
dc.subjectRESEARCH ASSISTANCE
dc.subjectRETURN
dc.subjectROAD NETWORK
dc.subjectRURAL AREAS
dc.subjectSALARIES
dc.subjectSANITATION
dc.subjectSAVINGS
dc.subjectSIGNIFICANT EFFECT
dc.subjectSIGNIFICANT IMPACT
dc.subjectSOCIAL EXPENDITURE
dc.subjectSOCIAL EXPENDITURES
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SPENDING
dc.subjectSTANDARD DEVIATION
dc.subjectSTATE UNIVERSITY
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX BURDEN
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTOTAL PUBLIC SPENDING
dc.subjectTOTAL SPENDING
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTYPES OF EXPENDITURES
dc.subjectUNCERTAINTY
dc.titleAssessing the Impact of Public Spending on Growth : An Empirical Analysis for Seven Fast Growing Countriesen
dspace.entity.typePublication
okr.crossref.titleAssessing The Impact Of Public Spending On Growth - An Empirical Analysis For Seven Fast Growing Countries
okr.date.doiregistration2025-04-10T10:41:07.901431Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/07/9669857/assessing-impact-public-spending-growth-empirical-analysis-seven-fast-growing-countries
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid996171468314699324
okr.identifier.doi10.1596/1813-9450-4663
okr.identifier.externaldocumentum000158349_20080714093204
okr.identifier.internaldocumentum9669857
okr.identifier.reportWPS4663
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/07/14/000158349_20080714093204/Rendered/PDF/WPS4663.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeAfrica
okr.region.countryMauritius
okr.region.countryKorea, Republic of
okr.region.countryIndonesia
okr.region.countrySingapore
okr.region.countryThailand
okr.region.countryMalaysia
okr.region.countryBotswana
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPublic Sector Expenditure Analysis and Management
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Economics and Finance
okr.topicPublic Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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