Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128536
Authors: 
Heshmati, Almas
Kim, Jungsuk
Park, Donghyun
Year of Publication: 
2014
Series/Report no.: 
ADB Economics Working Paper Series 422
Abstract: 
Advanced economies have a significantly longer history of using fiscal policy to tackle inequality and promote inclusive growth than those in developing Asia. Therefore, as developing Asia explores the more active use of fiscal policy for inclusive purposes, it can learn from the experiences of advanced countries. Those experiences clearly suggest that fiscal policy can have a significant effect on inequality which provides some cause for optimism about its equity-promoting potential. Nevertheless, that optimism should be tempered by the different circumstances of advanced versus developing economies along with the need for developing Asia to maintain fiscal sustainability and economic growth.
Subjects: 
fiscal policy
inequality
inclusive growth
advanced countries
developing Asia
JEL: 
D31
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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