Publication:
Public Spending for Long-Run Growth : A Practitioners' View

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dc.contributor.authorGemmell, Norman
dc.contributor.authorMisch, Florian
dc.contributor.authorMoreno-Dodson, Blanca
dc.date.accessioned2014-02-18T17:53:29Z
dc.date.available2014-02-18T17:53:29Z
dc.date.issued2012-12
dc.description.abstractBy financing public goods and services that enhance productivity and promote private investment, public spending is widely believed to be critical for long-run growth. Such effects are distinct from any short-run Keynesian response to a public spending stimulus. While a short-run response generally operates through aggregate demand, long-run growth effects alter aggregate supply conditions. While academic literature generally supports the belief that public spending promotes growth in the long run, understanding which public expenditure allocations can trigger such effects in a particular country setting is challenging in practice. The objective of this note1 is to review the trade-offs faced by fiscal policy makers in developing countries who are considering using public expenditure policy as an instrument to promote long run growth, provide guidance from the empirical literature, and review the types of data sources that are helpful in this context.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/12/17012446/public-spending-long-run-growth-practitioners-view
dc.identifier.doi10.1596/17061
dc.identifier.urihttps://hdl.handle.net/10986/17061
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEconomic premise;no. 99
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectAGGREGATE DEMAND
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET CONSTRAINTS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL SPENDING
dc.subjectCENTRAL GOVERNMENT
dc.subjectCOMPOSITION OF PUBLIC SPENDING
dc.subjectCONSUMPTION TAXES
dc.subjectCOUNTRY DATA
dc.subjectCURRENT EXPENDITURES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectECONOMETRIC ISSUES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DOWNTURNS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC REFORM
dc.subjectELECTRICITY
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL GROWTH LITERATURE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL STUDIES
dc.subjectEXPENDITURE ALLOCATIONS
dc.subjectEXPENDITURE CATEGORIES
dc.subjectEXPENDITURE GROWTH
dc.subjectEXPENDITURE POLICY
dc.subjectEXPENDITURE TRACKING
dc.subjectEXPENDITURE TRACKING SURVEYS
dc.subjectEXPLANATORY VARIABLES
dc.subjectFISCAL CHANGES
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFISCAL SPACE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET CONSTRAINT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH EFFECT
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEALTH PROGRAMS
dc.subjectINCOME TAXES
dc.subjectLEVEL OF PUBLIC SPENDING
dc.subjectLEVELS OF PUBLIC SPENDING
dc.subjectLONG RUN
dc.subjectLONG-RUN GROWTH
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL PRODUCT
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAXES
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PERSPECTIVE
dc.subjectPOOR GOVERNANCE
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC CAPITAL
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT LEVELS
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE POLICY
dc.subjectPUBLIC EXPENDITURE TRACKING
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC REVENUE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC SPENDING ALLOCATIONS
dc.subjectROAD CONSTRUCTION
dc.subjectROADS
dc.subjectSUBNATIONAL
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAXATION
dc.titlePublic Spending for Long-Run Growth : A Practitioners' Viewen
dspace.entity.typePublication
okr.date.disclosure2012-11-29
okr.date.doiregistration2025-04-29T09:18:05.088565Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/12/17012446/public-spending-long-run-growth-practitioners-view
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.guid980441468327560190
okr.identifier.externaldocumentum000333037_20121128234155
okr.identifier.internaldocumentum17012446
okr.identifier.report74074
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/11/28/000333037_20121128234155/Rendered/PDF/NonAsciiFileName0.pdfen
okr.topicPublic Sector Economics
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicPublic Sector Expenditure Policy
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPublic Sector Development
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
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