Publicação
The fiscal-growth nexus
| Resumo: | 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. |
|---|---|
| Autores principais: | Afonso, António |
| Outros Autores: | Jalles, João Tovar |
| Assunto: | Budgetary Decomposition Crises Panel Analysis |
| Ano: | 2012 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1865920775739932672 |
|---|---|
| author | Afonso, António |
| author2 | Jalles, João Tovar |
| author2_role | author |
| author_facet | Afonso, António Afonso, António Jalles, João Tovar Jalles, João Tovar |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_str | [{\"Person.name\":\"Afonso, António\"},{\"Person.name\":\"Jalles, João Tovar\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Afonso, António Jalles, João Tovar |
| datacite.date.Accepted.fl_str_mv | 2012-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2012-01-25T15:43:36Z |
| datacite.date.embargoed.fl_str_mv | 2012-01-25T15:43:36Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Budgetary Decomposition Crises Panel Analysis |
| datacite.titles.title.fl_str_mv | The fiscal-growth nexus |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Afonso, António Jalles, João Tovar |
| dc.date.Accepted.fl_str_mv | 2012-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2012-01-25T15:43:36Z |
| dc.date.embargoed.fl_str_mv | 2012-01-25T15:43:36Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/3787 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG - Departamento de Economia |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Budgetary Decomposition Crises Panel Analysis |
| dc.title.fl_str_mv | The fiscal-growth nexus |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| description | 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/39af38aa-127f-44d0-a622-5fdf45bc3d93/download |
| id | ul_1e9f098ca41a5f5fa68edcbbcdfe9830 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/3787 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/3787 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Afonso, António Jalles, João Tovar |
| publishDate | 2012 |
| publisher.none.fl_str_mv | ISEG - Departamento de Economia |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engISEG - Departamento de EconomiaporWe 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.application/pdfporThe fiscal-growth nexusAfonso, AntónioJalles, João TovarHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf0874-45482012-01-25T15:43:36Z20122012-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/3787http://purl.org/coar/access_right/c_abf2open accessBudgetary DecompositionCrisesPanel Analysis625275 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/39af38aa-127f-44d0-a622-5fdf45bc3d93/download |
| spellingShingle | The fiscal-growth nexus The fiscal-growth nexus Afonso, António Budgetary Decomposition Crises Panel Analysis Afonso, António Budgetary Decomposition Crises Panel Analysis |
| status | SINGLETON |
| subject.fl_str_mv | Budgetary Decomposition Crises Panel Analysis |
| title | The fiscal-growth nexus |
| title_full | The fiscal-growth nexus |
| title_fullStr | The fiscal-growth nexus The fiscal-growth nexus |
| title_full_unstemmed | The fiscal-growth nexus The fiscal-growth nexus |
| title_short | The fiscal-growth nexus |
| title_sort | The fiscal-growth nexus |
| topic | Budgetary Decomposition Crises Panel Analysis |
| topic_facet | Budgetary Decomposition Crises Panel Analysis |
| url | http://hdl.handle.net/10400.5/3787 |
| visible | 1 |