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.
Estudios y Perspectivas – Sede Subregional de la CEPAL en México
Serie que reúne un conjunto de documentos multitemáticos resultantes de los estudios e investigaciones de la CEPAL. Responsable: Sede subregional de la CEPAL en México. ISSN impreso: 1680-8800 ISSN electrónico: 1684-0364.
An analysis of the contribution of public expenditure to economic growth and fiscal multipliers in Mexico, Central America and the Dominican Republic, 1990-2015