Public Expenditure and Inclusive Growth - A Survey
March 19, 2021
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Summary
This paper explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework that describes the channels through which public expenditure affects inequality and poverty in the short and long term. Based on a review of the empirical literature, it discusses the policy options. Finally, the paper assesses the role of key factors such as the initial conditions, and the institutions, in shaping the inclusive spending policies.
Subject: Education, Expenditure, Fiscal policy, Income, Income inequality, National accounts
Keywords: Africa, Global, inclusive growth, Income, Income inequality, inequality, mean inequality impact effectiveness, policy option, poverty, poverty rate, public expenditure, social spending, spending policy
Pages:
75
Volume:
2021
DOI:
Issue:
083
Series:
Working Paper No. 2021/083
Stock No:
WPIEA2021083
ISBN:
9781513574387
ISSN:
1018-5941
