The Impact of Fiscal Policy Variables on Output Growth

This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest...

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Bibliographic Details
Main Author: Gerson, Philip
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Impact of Fiscal Policy Variables on Output Growth  |c Philip Gerson 
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300 |a 74 pages 
651 4 |a United States 
653 |a Income 
653 |a Labour 
653 |a Public finance & taxation 
653 |a Production 
653 |a Aggregate Factor Income Distribution 
653 |a Demand and Supply of Labor: General 
653 |a National accounts 
653 |a National Government Expenditures and Related Policies: General 
653 |a Labor 
653 |a Expenditure 
653 |a Macroeconomics: Production 
653 |a Labor supply 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Labor Economics: General 
653 |a Expenditures, Public 
653 |a Labor market 
653 |a Macroeconomics 
653 |a Economic theory 
653 |a Public Finance 
653 |a Fiscal and Monetary Policy in Development 
653 |a Income economics 
653 |a Production growth 
653 |a Labor economics 
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520 |a This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and on output growth, is more muted