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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/3787

Title: The fiscal-growth nexus
Authors: Afonso, António
Jalles, João Tovar
Keywords: Budgetary decomposition
Crises
Panel analysis
Issue Date: 2012
Publisher: ISEG - Departamento de Economia
Citation: Afonso, António e João Tovar Jalles. 2012. "The fiscal-growth nexus". Instituto Superior de Economia e Gestão - DE working papers nº1-2012/DE/UECE
Series/Report no.: DE working papers;nº1-2012/DE/UECE
Abstract: We assess the fiscal-growth nexus with a large country panel, accounting for the usually encountered econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative effects. The same is true for the OECD with the addition that government revenue has a negative impact on growth. Taxes on income are usually detrimental to growth, as well as public wages, interest payments, subsidies and government consumption have a negative effect on growth. Social spending is detrimental to growth; spending on education and health boosts growth; and there is weak evidence supporting causality running from expenditures and revenues to output and TFP.
URI: http://hdl.handle.net/10400.5/3787
ISSN: 0874-4548
Publisher version: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=244318&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2012&_request_checksum_=8a90a01952d399f6d0e12e87d273f054a68fa717
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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