Fiscal policy and economic development /

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Bibliographic Details
Author / Creator:	Mourmouras, Alex, author.
Imprint:	Washington, D.C. : International Monetary Fund : IMF Institute, 2008. ©2008
Description:	1 online resource (33 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/08/155 IMF working paper ; WP/08/155.
Subject:	Fiscal policy -- Econometric models. Economic development -- Econometric models. Economic development -- Econometric models. Fiscal policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499563

Hidden Bibliographic Details
Other authors / contributors:	Rangazas, Peter, 1956- author. International Monetary Fund. IMF Institute.
ISBN:	9781451914665 1451914660
Notes:	"June 2008." Includes bibliographical references (pages 29-31). Print version record.
Summary:	This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies.
Other form:	Print version: Mourmouras, Alex. Fiscal policy and economic development. Washington, D.C. : International Monetary Fund : IMF Institute, 2008

Table of Contents:

I. Introduction; Figures; 1. Selected Industrial Countries: Government Purchases (share of GDP); Tables; 1. Government in Developed and Developing Countries; 2. Growth Rate in Productivity per Hour Worked (Annualized Percent); II. Related Literature; A. Growth of Government; B. Taxation and the Traditional Sector; C. Land Inequality and Development; III. The Model; A. Production; B. Households; C. Equilibrium; D. Government; IV. Explaining Fiscal Policy; V. Government Debt; VI. Calibration Experiments; A. Calibrating the Model
B. Historical Growth Experience of Currently Developed Countries2. Calibrated Parameters; 3. Predicted (Dashed) versus Actual (Solid) Government Purchase Share; 4. Predicted (Dashed) versus Actual (Solid) Government Investment Share; C. Growth of Currently Developing Countries; 5. Predicted (Dashed) versus Actual (Solid) Labor Productivity Growth Rates; 6. Tax Rates; 7. Share of Labor Force in Modern Sector; VII. Conclusion; 8. Labor Productivity Growth Rates; References; Appendix

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