Is Social Spending Procyclical?

WPIEA2010234 Image
Price:  $18.00

Author/Editor: Javier Arze del Granado, Sanjeev Gupta, Alejandro Hajdenberg
Release Date: © October, 2010
ISBN : 978-1-45520-934-7
Stock #: WPIEA2010234
English
Stock Status: On back-order

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Description

This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are procyclical during periods of positive output gap and acyclical during periods of negative output gap. Furthermore, the degree of cyclicality is higher the lower the level of economic development.

Taxonomy

Business cycles , Economic development , Economic policy , Education , Fiscal policy , Social policy




More publications in this series: Working Papers


More publications by: Javier Arze del Granado ; Sanjeev Gupta ; Alejandro Hajdenberg