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: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
2002
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| Subjects: |