Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269315 
Year of Publication: 
2012
Series/Report no.: 
FERDI Working Paper No. P35
Publisher: 
Fondation pour les études et recherches sur le développement international (FERDI), Clermont-Ferrand
Abstract: 
Using an "event analysis", this paper complements the cross-country approach to the study of fiscal correlates of growth. Data on fiscal expenditures and growth for a database of 140 countries (118 developing countries) over 1972-2005 are reorganized around turning points providing a summary but encompassing description of "what is in the data". For this sample, the probability of occurrence of a fiscal event is about 10%, and, the probability of a growth event once a fiscal event had occurred is around 26 %. For developing countries, fiscal events followed by growth events occur under situations of (i) significantly lesser deficit, (ii) fewer resources devoted to non-interest General Public Services and (iii) shift in primary expenditures towards Transport & Communication.
JEL: 
E62
H62
O11
O23
Document Type: 
Working Paper

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