Working paper
Fiscal deficits and growth in developing countries
- Abstract:
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This paper examines the relation between fiscal deficits and growth for a panel of 45 developing countries. Based on a consistent treatment of the government budget constraint, it finds evidence of a threshold effect at a level of the deficit around 1.5% of GDP. While there appears to be a growth payoff to reducing deficits to this level, this effect disappears or reverses itself for further fiscal contraction. The magnitude of this payoff, but not its general character, necessarily depends o...
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- Publication status:
- Not published
- Peer review status:
- Not peer reviewed
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(pdf, 756.9KB)
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Authors
Bibliographic Details
- Series:
- University of Oxford Department of Economics Discussion Paper Series
- Publication date:
- 2002-01-01
- ISSN:
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1471-0498
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
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uuid:d0c31795-76e7-4d14-87a0-5dac2b534088
- Local pid:
- ora:1667
- Deposit date:
- 2008-03-14
Related Items
Terms of use
- Copyright holder:
- Christopher S Adam & David L Bevan
- Copyright date:
- 2002
- Notes:
- NEEO. This working paper was subsequently published as an article with the same title in the Journal of Public Economics, 89 (4), 571-597.
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