Fiscal Policy and Equity in Advanced Economies: Lesssons for Asia
Gemma Estrada (),
Jo Lind (),
Niku Määttänen (),
Donghyun Park (),
Motohiro Sato and
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James Angresano: Professor of Political Economy, College of Idaho
William McBride: Chief Economist, Tax Foundation, Washington DC
Motohiro Sato: Professor, Graduate School Economics, Hitotsubashi University
Karin Svanborg-Sjovall: President of Timbro, Sweden
No DP-2015-04, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)
Advanced economies have a longer history of leveraging fiscal policy to address inequality relative to developing Asia. We examine the country experiences of the Nordic countries, France, Japan, and the US, to draw lessons for developing Asia in its relatively new quest to use fiscal policy to promote inclusive growth. Those experiences suggest that fiscal policy can indeed be an effective tool for inclusive growth as long as it does not compromise fiscal sustainability or economic growth.
Keywords: Fiscal policy; inequality; inclusive growth; advanced countries; developing Asia (search for similar items in EconPapers)
JEL-codes: D31 H20 H50 (search for similar items in EconPapers)
Pages: 28 pages.
New Economics Papers: this item is included in nep-pub and nep-sea
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Working Paper: Fiscal Policy and Equity in Advanced Economies: Lessons for Asia (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:era:wpaper:dp-2015-04
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