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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 a...

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Bibliographic Details
Main Author: Gupta, Sanjeev
Other Authors: Hajdenberg, Alejandro, Arze del Granado, Javier
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Working Papers
Subjects:
Total Expenditures
Public Finance & Taxation
National Government Expenditures And Health
Health Care Spending
National Government Expenditures And Education
Fiscal Policy
Education Spending
Health, Education, And Welfare: General
National Government Expenditures And Related Policies: General
Expenditure
Cycles
Expenditures, Public
Macroeconomics
Business Fluctuations
Public Finance
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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 are procyclical during periods of positive output gap and acyclical during periods of negative output gap. Furthermore, the degree of cyclicality is higher the lower the level of economic development
Physical Description:22 pages
ISBN:9781455209347

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