Public Expenditure and Inclusive Growth - A Survey
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Summary:
This paper explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework that describes the channels through which public expenditure affects inequality and poverty in the short and long term. Based on a review of the empirical literature, it discusses the policy options. Finally, the paper assesses the role of key factors such as the initial conditions, and the institutions, in shaping the inclusive spending policies.
Series:
Working Paper No. 2021/083
Subject:
Education Expenditure Fiscal policy Income Income inequality National accounts
Frequency:
regular
English
Publication Date:
March 19, 2021
ISBN/ISSN:
9781513574387/1018-5941
Stock No:
WPIEA2021083
Format:
Paper
Pages:
75
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