This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995-2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed...

I investigate the social costs imposed by poor implementation of public infrastructure. Focusing on the period from 2005 to 2015 in Peru, when the government embarked on a nationwide initiative to expand sewerage systems, I leverage quasi-random variation in initiation of the implementation...

We perform a Meta-Regression Analysis (MRA) of the literature on government size and corruption, examining 450 empirical estimates retrieved from 44 primary papers published from 1998 to 2022. We find considerable heterogeneity in the results, mainly depending on whether the paper is published...

This paper examines the distributional effects of fiscal policy in Grenada. Using data from the 2017-2018 Living Conditions and Household Budgets Survey and following the Commitment to Equity (CEQ) analysis framework, we estimate the effects of fiscal policy interventions on inequality and...

We examine the relationship between public sector efficiency and government spending, to assess public resource management across the 27 European Union countries. Specifically, we analyze the growth of public expenditure in relation to outcomes across various public sector performance (PSP)...

The main goal of the first-generation expenditure rules was to ensure fiscal discipline: preserving a sound fiscal framework and public debt sustainability. Regarding this goal, analytically as well as empirically, limiting the share of public expenditure in GDP would be more appropriate in case...

The social impact of sanitation is multifaceted. It has repercussions for health, education, and the local environment, as well as overall human development and economic growth. Unsafe sanitation poses environmental and health risks. In light of the health hazards, the Government of India has...

Public spending will play the decisive role in the reconstruction of Ukraine, in rendering aid to the population, providing emergency services, reconstructing infrastructure and driving industrial development in the coming years. For economic recovery and sustainable development in the post-war...

This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995-2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed...

Using high-frequency data, the paper analyzes the link between public infrastructure investment and private corporate investment in India for the decade ending 2023-24. We adopt the ARDL model to investigate the existence of cointegration and find strong evidence of the crowding-in of private...

Ghana: A Diagnostic Review of Public Expenditures in Agriculture is an evaluation of the composition, trends and impact of public spending in the country's agricultural sector and provides actionable recommendations for enhanced government support and improved resource allocation. The report...

The reform of the European fiscal rules came into force on 30 April 2024. The new rules, like the former ones, impose a depressive bias on domestic fiscal policies, leaving Member States' no fiscal room for manoeuvre. At the same time, the European Pillar of Social Rights sets ambitious targets...

In this paper, we study whether local spending of intergovernmental grants is influenced by mayoral elections in the grant receiving municipality. We exploit the implementation of the German federal government's second economic stimulus package of 2009 (K2) in the state of Baden-Wuerttemberg as...

This article suggests that the expenditure multiplier and the interactions among its key components can help explain whether increasing public debt encourages or inhibits economic growth. As per the theoretical underpinnings of the effect of debt on growth, its influence is observable in regard...

We investigate the effects of different components of government spending on inclusive growth. More specifically, we consider the inclusive impact of public spending on environmental protection, health, education, housing, and social protection, all of which can conceivably promote inclusive...

This paper examines the gender-specific effects of exogenous public spending shocks across a global sample using a novel identification strategy and local projections. We distinguish between investment and consumption shocks and further decompose spending by function: education, health, and...

Objective: This study aims to investigate the long-run effects of fiscal policy instruments, including environmental taxes, environmental protection expenditures and renewable energy incentives on environmental pollution, measured as ecological footprint, in a sample of European Union countries...

We investigate the relationship between parliamentary debates and public expenditure by mapping legislative speeches to fiscally relevant topics and examining their connection in both long-term trends and short-term adjustments. Our analysis draws on transcripts of federal legislative...

This study examines how economic inequality influences the effectiveness of fiscal policy using a three-agent New Keynesian DSGE model with incomplete financial markets. The findings suggest that economies with a high share of liquidity-constrained households exhibit larger fiscal multipliers...

The Public Finance Review (PFR) for Georgia looks at the contribution of fiscal policy to inclusive and sustainable growth by assessing the country's macro-fiscal performance and policy framework, and by undertaking deep-dive analyses on the quality of the tax and education systems in Georgia....