Public Finance and Economic Growth: Empirical Evidence from Developing Countries

Matthew Odedokun

No DP2001-72, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The study is an empirical test of the effects of different categories of government expenditure, revenue and deficits on economic growth in developing countries. It is based on panel data of annual series over the last three decades for 103 countries, which are further classified into low-income, high-income, mineral exports dependent, and foreign aid dependent groups. Our findings suggest that the effects of the fiscal variables on growth vary across these groups of countries.

Keywords: Econometric models (Economic development); Public expenditures; Public finance; Fiscal policy (search for similar items in EconPapers)
Date: 2001
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