Public Expenditure and Inclusive Growth - A Survey

Public Expenditure and Inclusive Growth - A Survey
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Volume/Issue: Volume 2021 Issue 083
Publication date: March 2021
ISBN: 9781513574387
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Economics / General , International - Economics , public expenditure , social spending , inclusive growth , inequality , poverty , mean inequality impact effectiveness , poverty rate , spending policy , policy option , Income inequality , Income , Global , Africa

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.