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Source: Is Social Spending Procyclical?
Series: IMF Working Papers
Author(s): Sanjeev Gupta , Alejandro Hajdenberg , and Javier Arze del Granado
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: social spending, expenditures, health expenditures, public expenditures, total expenditures,
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acy...