Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128537
Authors: 
Estrada, Gemma
Lee, Sang-Hyop
Park, Donghyun
Year of Publication: 
2014
Series/Report no.: 
ADB Economics Working Paper Series 423
Abstract: 
In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all. Developing Asia has trailed other parts of the world in equity-promoting fiscal expenditures, namely education, health care, and social protection, and thus the region needs to do more. Expanding public expenditures without boosting fiscal resources can, however, jeopardize fiscal sustainability. The key challenge is how to use fiscal policy to make growth more inclusive while maintaining fiscal sustainability.
Subjects: 
fiscal policy
inclusive growth
Asia
economic growth
equity
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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