Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?

WP/13/162

Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?
This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF's GFS yearbook for the period 1970-2010 and 56 countries (14 low-, 16 medium-, and 26 high-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education... READ MORE...

Publication date: July 2013
ISBN 9781475550597
$18.00

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Publication date: July 2013

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Publication date: July 2013

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