Series: IMF Working Papers
Author(s): Naoko Kojo , Arye Hillman , and Emanuele Baldacci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2003
Keywords: Growth, low-income countries, public spending, fiscal deficit, fiscal contractions, expansionary fiscal, National Deficit Surplus, low-income countries and Finance, Taxation, Deficit
Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the prima...