Fiscal Policy and Economic Growth: An Empirical Investigation
Опубликовано на портале: 18-08-2004
NBER Working Paper Series. 1994. w4499.
(i) there is a strong association between the development level and the fiscal structure: poor countries rely heavily on international trade taxes, while income taxes are only important in developed economies;
(ii) fiscal policy is influenced by the scale of the economy, measured by its population;
(iii) investment in transport and communication is consistently correlated with growth while the effects of taxation are difficult to isolate empirically.
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