[PDF] Economic Impact Of Government Spending eBook

Author : Alberto Alesina
Publisher : University of Chicago Press
Page : 596 pages
File Size : 38,60 MB
Release : 2013-06-25
Category : Business & Economics
ISBN : 022601844X

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The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Author : Mr.Paul Cashin
Publisher : International Monetary Fund
Page : 36 pages
File Size : 12,63 MB
Release : 1994-08-01
Category : Business & Economics
ISBN : 1451951477

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This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.

Author : Aaron B. Wildavsky
Publisher : Univ of California Press
Page : 210 pages
File Size : 32,71 MB
Release : 1980-01-01
Category : Political Science
ISBN : 9780520042278

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Criticizes government spending policy, budgeting methods, and expenditures, calling for a constitutional amendment to curb inflation and limit federal spending

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 30 pages
File Size : 34,93 MB
Release : 1989-05-15
Category : Business & Economics
ISBN : 1451974159

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This paper examines the empirical evidence on the contribution that government and, in particular, capital expenditure make to the growth performance of a sample of developing countries. Using the Denison growth accounting approach, this study finds that social expenditures may have a significant impact on growth in the short run, but infrastructure expenditures may have little influence. While current expenditures for directly productive purposes may exert a positive influence, capital expenditure in these sectors appears to exert a negative influence. Experiments with other explanatory variables confirm the importance of the growth of exports to the overall growth rate.

Author : Mr.Daniel Leigh
Publisher : International Monetary Fund
Page : 41 pages
File Size : 13,46 MB
Release : 2011-07-01
Category : Business & Economics
ISBN : 1455294691

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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

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Publisher :
Page : 0 pages
File Size : 34,17 MB
Release : 2005
Category :
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If government spends money in a productive way that generates a sufficiently high rate of return, the economy will benefit, but this is the exception rather than the rule. There is overwhelming evidence that America's economy could grow much faster if the burden of government was reduced. Shrinking the size of government would therefore boost prosperity and make America more competitive.