Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/336527 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 815
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We investigate the effects of different components of government spending on inclusive growth. More specifically, we consider the inclusive impact of public spending on environmental protection, health, education, housing, and social protection, all of which can conceivably promote inclusive growth. For our empirical analysis, we apply panel regressions and local projections to a comprehensive database of 191 economies between 1980 and 2023. Our evidence indicates that equity-promoting government spending reduces income inequality, as measured by the Gini index, and improves human development indicators. Moreover, our analysis reveals that poorer households benefit disproportionately, suggesting that targeted fiscal expenditures can promote equity. Notably, the inclusive effects are most pronounced in advanced economies, where robust fiscal frameworks support and amplify such effects. In contrast, emerging and developing economies experience more modest gains. Overall, the findings highlight the importance of welldesigned public spending programs for equitable growth. Finally, we conduct state-dependent local projections and regional subsample analysis.
Schlagwörter: 
government spending
inclusive growth
income inequality
developed and developing economies
JEL: 
D63
E62
O23
O47
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Dokumentart: 
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