Fiscal Policy and Growth in Developing Asia
Arnelyn May Abdon (),
Gemma Estrada (),
Minsoo Lee () and
Donghyun Park ()
No 412, ADB Economics Working Paper Series from Asian Development Bank
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region’s overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth.
Keywords: fiscal policy; growth; taxation; government spending; Asia (search for similar items in EconPapers)
JEL-codes: H20 H50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg, nep-gro, nep-pbe and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
http://www.adb.org/sites/default/files/pub/2014/ewp-412.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.adb.org/sites/default/files/pub/2014/ewp-412.pdf [301 Moved Permanently]--> https://www.adb.org/sites/default/files/pub/2014/ewp-412.pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0412
Access Statistics for this paper
More papers in ADB Economics Working Paper Series from Asian Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Maria Susan M. Torres ().