Is Social Spending Procyclical?

Is Social Spending Procyclical?
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they READ MORE...

Publication date: October 2010
ISBN 9781455209347
$18.00

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