The Impact of Fiscal Policy Variables on Output Growth
Author | : Mr.Philip R. Gerson |
Publisher | : International Monetary Fund |
Total Pages | : 75 |
Release | : 1998-01-01 |
ISBN-10 | : 9781451841602 |
ISBN-13 | : 1451841604 |
Rating | : 4/5 (604 Downloads) |
Download or read book The Impact of Fiscal Policy Variables on Output Growth written by Mr.Philip R. Gerson and published by International Monetary Fund. This book was released on 1998-01-01 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and on output growth, is more muted.