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Fiscal Policy And Economic Development 1st Edition Alex Mourmouras Peter Rangazas

  • SKU: BELL-51286500
Fiscal Policy And Economic Development 1st Edition Alex Mourmouras Peter Rangazas
$ 31.00 $ 45.00 (-31%)

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Fiscal Policy And Economic Development 1st Edition Alex Mourmouras Peter Rangazas instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 1.2 MB
Pages: 35
Author: Alex Mourmouras; Peter Rangazas
ISBN: 9781451914665, 1451914660
Language: English
Year: 2008
Edition: 1

Product desciption

Fiscal Policy And Economic Development 1st Edition Alex Mourmouras Peter Rangazas by Alex Mourmouras; Peter Rangazas 9781451914665, 1451914660 instant download after payment.

This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies.

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