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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

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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

Autor: Garry, Stefanie - Rivas Valdivia, Juan Carlos Descripción física: 56 páginas. Editorial: ECLAC Fecha: agosto 2017 Signatura: LC/TS.2017/72

Descripción

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.

Índice

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.