Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries

Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries
Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor READ MORE...

Publication date: December 2003
ISBN 9781451875737
$15.00

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