Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128533
Authors: 
Abdon, Arnelyn May
Estrada, Gemma Esther
Lee, Minsoo
Park, Donghyun
Year of Publication: 
2014
Series/Report no.: 
ADB Economics Working Paper Series 412
Abstract: 
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region's overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth.
Subjects: 
fiscal policy
growth
taxation
government spending
Asia
JEL: 
H20
H50
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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