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Fiscal Policy and Equity in Advanced Economies: Lessons for Asia

Gemma Estrada (), James Angresano, Jo Lind (), Niku Määttänen (), William McBride, Donghyun Park (), Motohiro Sato and Karin Svanborg-Sjövall
Additional contact information
James Angresano: Political Economy, College of Idaho, 2112 Cleveland Boulevard, Caldwell, ID 83605, United States
William McBride: Tax Foundation, National Press Building Leasing, 529 14th Street Northwest #420, Washington, DC 20045, United States
Motohiro Sato: Graduate School of Economics,Applied Economics, School of International and Public Policy, Hitotsubashi University, 2-1 Naka, Kunitachi, Tokyo 186-8601, Japan
Karin Svanborg-Sjövall: Timbro, Box 3037, 103 61 Stockholm

No 1414, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre

Abstract: 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: 16 pages
Date: 2014-11
New Economics Papers: this item is included in nep-sea
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Working Paper: Fiscal Policy and Equity in Advanced Economies: Lesssons for Asia (2015) Downloads
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