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Title: Quality of public finances and growth
Author: Afonso, António
Ebert, Werner
Schuknecht, Ludger
Thone, Michael
Keywords: quality of public finances
Issue Date: Feb-2005
Publisher: European Central Bank
Citation: Afonso, António ... [et al.]. 2005. "Quality of public finances and growth". European Central Bank working paper series nº 438-2005
Series/Report no.: European Central Bank working paper series;nº 438-2005
Abstract: In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying determinants (institutional framework, employment, savings and investment, innovation). The paper addresses the approaches used to assess the performance and efficiency of public spending, and surveys the empirical findings on the impact of fiscal variables on sustained economic growth.
ISSN: 1725-2806
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Appears in Collections:DE - Documentos de trabalho / Working Papers

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