Optimal adjustment of the composition of public expenditure indeveloping countries
Optimal adjustment of the composition of public expenditure indeveloping countries
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发展中国家公共支出构成的优化调整
DOI：
10.1111/j.1468-0106.2010.00518.x
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发表时间：
2010
期刊：
影响因子：
--
通讯作者：
Kota Terasawa
中科院分区：
文献类型：
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作者：
Tatsuyoshi Miyakoshi;Tatsuhito Kono;Kota Terasawa
本文分析了发展中国家应如何调整公共支出的构成，以最大限度地提高经济增长率。我们首先将理论框架应用于50个国家的实证数据。然后，我们展示了每个国家应该如何调整公共支出以实现增长最大化。结果表明，亚洲、中东和东欧的发展中国家普遍将公共开支错误地分配给国防，牺牲了公共服务。其他特定区域的结果表明，亚洲发展中国家应增加教育支出，中东国家应减少教育支出，以促进卫生。
This paper analyses how the composition of public expenditure should be adjusted to maximize the economic growth rate in developing countries. We first apply a theoretical framework to empirical data from 50 countries. We then demonstrate how each country should adjust public expenditure for the purpose of maximizing growth. Results show that developing countries in Asia, the Middle East and Eastern Europe have generally misallocated public expenditures in favour of defence, at the expense of public services. Other region‐specific results suggest that Asian developing countries should increase expenditure on education, and that Middle Eastern countries should decrease expenditure on education in favour of health.