Series: IMF Working Papers
Author(s): Alex Mourmouras , and Peter Rangazas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
Keywords: structural transformation, size of government, infrastructures, calibrated dynamic general equilibrium models, tax rates, growth rates, economic growth, tax base,
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and...