Friday, November 14, 2014

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[IWS] ADB: GOVERNMENT SPENDING AND INCLUSIVE GROWTH IN DEVELOPING ASIA [12 November 2014]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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Asian Development Bank (ADB)

ADB Economics Working Paper Series No. 415

 

GOVERNMENT SPENDING AND INCLUSIVE GROWTH IN DEVELOPING ASIA [12 November 2014]

by Seok-Kyun Hur

http://www.adb.org/publications/government-spending-and-inclusive-growth-developing-asia

or

http://www.adb.org/sites/default/files/publication/149219/ewp-415.pdf

[full-text, 46 pages]

 

This paper assesses the effects of fiscal policy on both equity and growth, specifically whether it is

possible to design fiscal spending so that it enhances equity without sacrificing economic growth and

vice versa. A cross-country panel vector autoregression (PVAR) using the World Development

Indicators confirms the growth effects of individual fiscal spending items as anticipated whereas

distributional effects were either temporarily positive or negligible for most fiscal items. However,

compared with Organisation for Economic Co-operation and Development members, spending on

public health and public education appeared to alleviate income inequality significantly in the Asian

Development Bank members. This implies that fiscal expenditure policies may contribute more to

inclusive growth in developing economies than in advanced ones.

 

 

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