| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28740 |
| 来源ID | Working Paper 28740 |
| Large Fiscal Episodes and Sustainable Development: Some International Evidence | |
| Joshua Aizenman; Yothin Jinjarak; Hien Thi Kim Nguyen; Donghyun Park | |
| 发表日期 | 2021-05-03 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper examines the association between episodes of large fiscal impulses (expansions and adjustments) and sustainable development indicators (prosperity, resilience, and inclusivity). We provide country studies of Chile, Poland, South Africa, and Thailand, examining the components of government expenses and tax revenues, and reporting four stylized patterns from the analysis. (i) Fiscal expansions led to higher growth rates and reduced negative trade-offs, e.g., pollution and poor-health mortalities associated with economic growth. (ii) Fiscal adjustments led to a more inclusive economy, lowered poverty headcounts, improved sanitation, and cleaner technology access. (iii) Fiscal expansions followed an increase in direct taxes (especially corporate taxes) and a decline in social contributions, and preceded a decline in other direct taxes and an increase in wage bills. (iv) Fiscal adjustments followed a decline in other direct taxes and social contributions, an increase in wage bills, and preceded a decline in government consumption expenditure and transfers. In light of these findings, the domestic resource mobilization should consider the time paths of the taxes and expenditure components to understand their empirical linkages with the sustainable development outcomes in the respective countries. |
| 主题 | Macroeconomics ; Fiscal Policy ; International Economics ; Trade ; International Macroeconomics ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w28740 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586414 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Hien Thi Kim Nguyen,et al. Large Fiscal Episodes and Sustainable Development: Some International Evidence. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28740.pdf（1114KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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