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Does Composition of Government Spending Matter to Economic Growth? AgEcon
Yu, Bingxin; Fan, Shenggen; Saurkar, Anuja.
This paper assesses the impact of the composition of government spending on economic growth in developing countries. We use a dynamic GMM model and a panel data set for 44 developing countries between 1980 and 2004. We find that the various types of government spending have different impact on economic growth. In Africa, human capital spending contributes to economic growth whereas in Asia, capital formation, agriculture and education has strong growth promoting effect. In Latin America, none of government spending items has significant impact on economic growth. Our results are robust regardless of model specifications and instruments chosen.
Tipo: Conference Paper or Presentation Palavras-chave: Government expenditure; Growth; GMM; Agricultural and Food Policy; Financial Economics; International Development; H5; O1; C232.
Ano: 2009 URL: http://purl.umn.edu/51684
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Investing In African Agriculture to Halve Poverty By 2015 AgEcon
Fan, Shenggen; Johnson, Michael; Saurkar, Anuja; Makombe, Tsitsi.
This paper proposes a simple methodology to estimate the agricultural spending that will be required to achieve the Millennium Development Goal of halving poverty by 2015 (MDG1) in 30 sub-Saharan African countries. This method uses growth-poverty and growth-expenditure elasticities to estimate the financial resources required to meet the MDG1, considering both the direct and indirect impacts of agricultural spending on poverty reduction. The paper attempts to address a key knowledge gap by improving estimation of MDG costs at both the regional and country levels.
Tipo: Working or Discussion Paper Palavras-chave: Poverty; Millennium Development Goals; Investment; Sub-Saharan Africa; Agriculture; Food Security and Poverty.
Ano: 2008 URL: http://purl.umn.edu/42807
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