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An analysis of the contribution of public expenditure to economic growth and fiscal multipliers in Mexico, Central America and the Dominican Republic, 1990-2015

August 2017 | Studies and Perspectives – ECLAC Subregional Headquarters in Mexico
Publication cover
Author:
Garry, Stefanie - Rivas Valdivia, Juan Carlos
UN symbol.:
LC/MEX/TS.2017/19
Pages:
56 p.
Editorial:
ECLAC
Type:
Studies and Perspectives – ECLAC Subregional Headquarters in Mexico
Collection:
  • ECLAC Series
    • Studies and Perspectives – ECLAC Subregional Headquarters in Mexico

Description

In this research, different complementary approaches are developed to determine the impact of public expenditure on economic growth in Mexico, Central America and the Dominican Republic. The evolution of the countries’ fiscal performance is analyzed; the strong link between public spending and economic growth is verified; the long-run relationship between current and capital expenditure with GDP growth is identified, and it is shown that public spending has a significant multiplier effect in the short and long-term, highlighting its persistence over time.

Table of contents

Abstract .-- Introduction .-- I. Fiscal panorama of Mexico, Central America and the Dominican Republic .-- II. Literature review and methodologies for estimating fiscal multipliers .-- III. Contribution of public expenditure to economic growth and fiscal multipliers in Mexico, Central America and the Dominican Republic .-- IV. Conclusions.

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