Fiscal Deficits and Growth in Developing Countries.
This paper examines the relation between fiscal deficits and growth for a panel of 45 developing countries. Based on a consistent treatment of the government budget constraint, it finds evidence of a threshold effect at a level of the deficit around 1.5% of GDP. While there appears to be a growth pa...
Main Authors: | Adam, C, Bevan, D |
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Format: | Journal article |
Language: | English |
Published: |
Elsevier
2005
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