This study delves into the complex link between financial inclusion-both traditional and digital-and economic growth across emerging economies from 1990 to 2022, using Dynamic Simulated ARDL and Driscoll-Kraay Standard Error techniques. Key findings highlight that traditional financial inclusion...

Using a new tax database for 28 countries and a variety of econometric methods, this paper contributes to the debate on the effects of fiscal policy on economic activity in a number of ways. The analysis finds that tax cuts have a stimulative effect on economic growth in developing countries....

This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

Lebanon's current priority -- in the face of high public deficits and unsustainable debt dynamics -- is to contain and rationalize public expenditures in every possible sector while improving the efficiency of social spending. The needed containment of primary public expenditures should be...

This note describes a framework for linking fiscal policy and growth issues in low-income countries. The framework has been developed in the context of a recently, completed Public Expenditure Management and Financial Accountability Review (PEMFAR) report in the Latin American and Caribbean...

Market nervousness concerning the fiscal positions of several European high-income countries poses a new challenge for the world economy. This arises as the recovery is transitioning toward a more mature phase during which the influence of rebound factors (such as fiscal stimulus) fades, and...