Front Matter
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Front Matter Page

Fiscal Affairs Department

Contents

  • Abstract

  • I. Introduction

  • II. Data and Stylized Facts

  • III. Empirical Approach

  • IV. Results

  • V. Conclusion

  • VI. References

  • Tables

  • 1. Size of the Sample and Sub-Samples by Income Level, Access to Natural Resources and Public Debt

  • 2. Descriptive Statistics—Levels of Revenue, Wage Bill and Other Expenditure

  • 3. Descriptive Statistics—First Differences of Revenue, Wage Bill and Other Expenditure …

  • 4. Stationary Tests of Levels of Revenue, Wage Bill and Other Expenditure

  • 5. Stationarity Tests of First Differences of Revenue, Wage Bill and Other Expenditure

  • 6. Granger Causality Tests

  • Figures

  • 1. The Wage Bill by Country Groups

  • 2. Change in Wage Bill, Revenue and Other Expenditure over the period 1995–2013

  • 3. Cumulative Impulse Response Functions-All Countries

  • 4. Cumulative Impulse Response Functions – Advanced and Non-Advanced Countries

  • 5. Cumulative Impulse Response Functions – High-Debt and Low-Debt Countries

  • 6. Cumulative Impulse Response Functions – Resource Rich and Non-Resource Rich Countries

  • Appendixes

  • 1. Country Groups by income, Access to Natural Resources and Public-Sector Stock of Public Debt

  • 2. Impulse Response Functions under Alternative Ordering

  • 3. Primary Other Expenditure

  • Appendix Tables

  • 1. Impulse Response Functions—All Countries (Ordering: Revenue -Wage Bill – Other Expenditure)

  • 2. Impulse Response Functions—All Countries (Ordering: Wage Bill → Revenue → Other Expenditure)

  • 3. Impulse Response Functions—All Countries (Ordering: Other Expenditure → Revenue → Wage Bill)

  • 4. Impulse Response Functions—All Countries (Ordering: Revenue → Other Expenditure → Wage Bill)

  • 5. Impulse Response Functions—All Countries (Ordering: Other Expenditure → Wage Bill → Revenue)

  • 6. Impulse Response Functions—All Countries (Primary Other Expenditure)

  • 7. Impulse Response Functions—Advanced and Non-Advanced Countries

  • 8. Impulse Response Functions—High-Debt and Low-Debt Countries

  • 9. Impulse Response Functions—Resource Rich and Non-Resource Rich Countries

Fiscal Implications of Government Wage Bill Spending
Author: Mr. Kamil Dybczak and Ms. Mercedes Garcia-Escribano