65 research outputs found
Fiscal composition and long-term growth
We assess the fiscal composition–growth nexus, using a large country panel,
accounting for the usually encountered econometric pitfalls. Our results show that
revenues have no significant impact on growth whereas expenditures have negative
effects. The same is true for the OECD with the addition that government revenue
has a negative impact on growth. From our results, taxes on income are less for
growth enhancing, as well as public wages, interest payments, subsidies and
government consumption, while spending on education and health boosts growth.info:eu-repo/semantics/publishedVersio
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