Government Spending, Taxes, and Economic Growth

This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of...

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Bibliographic Details
Main Author: Cashin, Paul
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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020 |a 9781451951479 
100 1 |a Cashin, Paul 
245 0 0 |a Government Spending, Taxes, and Economic Growth  |c Paul Cashin 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1994 
300 |a 36 pages 
653 |a National Government Expenditures and Related Policies: Infrastructures 
653 |a Wealth 
653 |a Institutional Investors 
653 |a Stocks 
653 |a Public investment spending 
653 |a Pension Funds 
653 |a Labour; income economics 
653 |a Human capital 
653 |a Public finance & taxation 
653 |a Saving 
653 |a Financial Instruments 
653 |a Fiscal Policy 
653 |a Skills 
653 |a Other Public Investment and Capital Stock 
653 |a Labor 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Labor Productivity 
653 |a Non-bank Financial Institutions 
653 |a Consumption; Economics 
653 |a Investments: Stocks 
653 |a Expenditures, Public 
653 |a Consumption 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Occupational Choice 
653 |a Public investments 
653 |a Investment & securities 
653 |a Human Capital 
653 |a Public Finance 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451951479.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/1994/092/001.1994.issue-092-en.xml?cid=1110-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth