Fiscal composition and long-term growth

被引：50
|
作者：
Afonso, Antonio [1 ,2 ]
Jalles, Joao Tovar [3 ]
机构：
[1] ISEG UL Univ Lisboa, Dept Econ, P-1249078 Lisbon, Portugal
[2] European Cent Bank, D-60311 Frankfurt, Germany
[3] OECD, Dept Econ, F-75775 Paris, France
来源：
APPLIED ECONOMICS | 2014年 / 46卷 / 03期
关键词：
budget deficit; budget decomposition; panel analysis; C23; E62; H50; ECONOMIC-GROWTH; CROSS-SECTION; GOVERNMENT EXPENDITURE; LOCAL-TAXES; COUNTRY; TAXATION; POLICY; STATE; SIZE;
D O I：
10.1080/00036846.2013.848030
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We assess the fiscal composition-growth nexus, using a large country panel, accounting for the usually encountered econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative effects. The same is true for the OECD with the addition that government revenue has a negative impact on growth. From our results, taxes on income are less for growth enhancing, as well as public wages, interest payments, subsidies and government consumption, while spending on education and health boosts growth.
引用
收藏
页码：349 / 358
页数：10
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