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QUALITY OF PUBLIC FINANCES AND GROWTH^1 António Afonso,^2 Werner Ebert,^3 Ludger Schuknecht^4 and Michael Thöne^5 Paper complete ...
The evidence on size effects of fiscal variables supports the case for quantitative consolidation with a view to reducing total ...
The direct transmission channels to growth are derived from the growth literature whereby fiscal policies can affect “exogenous” ...
institutions (see e.g., van Rijckeghem and Weder (2002)). Prohibitive taxation undermines property rights and subsidised public ...
Redistributive spending by contrast can undermine growth by reducing incentives to work, invest in human capital or exercise ent ...
the marginal tax rate. For this reason, on efficiency grounds, value added taxes (that are basically proportional taxes on consu ...
3.1. Measuring the quality of public finances indirectly 3.1.1. Expenditure policies The adequate measurement of public sector e ...
Figure 1 - Index of public sector performance (Average=1) 0 .5 0 .6 0 .7 0 .8 0 .9 1.0 1.1 1.2 1.3 1.4 Small g o vs $ Big govs $ ...
used as inputs: the number of hours per year spent in school and the number of teachers per student.^13 For health, the quantita ...
Table 1 - Marginal tax rates in the EU 1997–2000 (income tax plus employees contributions less cash benefit, as % of gross wage) ...
3.2. Empirical findings on the growth impact For a first orientation, the empirical findings on the impacts of fiscal variables ...
Table 2 - Growth effects of total government expenditure Author(s)/date Regional Basis Independent Variable Effect on Growth Age ...
The review of empirical findings on growth effects of the composition of government activities clarifies that not all kinds of g ...
that the focus on growth enhancing public expenditures can only be sustained with a strong link to efficiency issues. In modern ...
our panel of 20 OECD countries, an x percent increase of general government spending on the y-item in 1975-1995 increased GDP gr ...
4. Summary and conclusions The present survey has addressed the fact that the “quality of public finances” indeed might have a p ...
Ahn, S. and Hemmings, P. (2000). “Policy influences on economic growth in OECD countries: an evaluation of the evidence,” OECD E ...
De Gregorio, J. (1996). “Inflation, Growth and Central Banks: Theory and Evidence,” The World Bank, Working Paper 1575, Washingt ...
Han, W. and Waldfogel, J. (2001). “The Effect of Child Care Costs on the Employment of Single and Married Mothers.” Social Scien ...
North, D. (1998). “The Rise of the Western World,” in Bernholz, P., Streit. M. and Vaubel, R. (eds) Political Competition, Innov ...
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