The Role of Public Finance in Economic Development: An Empirical Investigation

Peter Smith and Jackline Wahba
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Peter Smith: Department of Economics, University of Southampton

No 9508, Working Papers from Economic Research Forum

Abstract: This paper focuses on the role of government finance in economic development. The effects of various kinds of public spending and revenue (mainly taxes) are examined. An empirical investigation of 56 developing countries is used to assess this role of the government and to evaluate whether it is facilitating or hindering the process of economic development. The findings suggest that government finance has played a positive role, refuting the conclusion advanced by some economists that there has been a government failure in development.

Date: 1995-13-04, Revised 1995
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Published by The Economic Research Forum (ERF)

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Persistent link: https://EconPapers.repec.org/RePEc:erg:wpaper:9508

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