Fiscal Policy for Inclusive Growth: An Overview
Gemma Estrada (),
Sang-Hyop Lee () and
Donghyun Park ()
No 423, ADB Economics Working Paper Series from Asian Development Bank
In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all. Developing Asia has trailed other parts of the world in equity-promoting fiscal expenditures, namely education, health care, and social protection, and thus the region needs to do more. Expanding public expenditures without boosting fiscal resources can, however, jeopardize fiscal sustainability. The key challenge is how to use fiscal policy to make growth more inclusive while maintaining fiscal sustainability.
Keywords: fiscal policy; inclusive growth; Asia; economic growth; equity (search for similar items in EconPapers)
JEL-codes: D31 H20 H50 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-pbe
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.adb.org/sites/default/files/publication/150415/ewp-423.pdf Full text (application/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:0423
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 ().