| By: |
Lopez, Ramon;
Lederman, Daniel;
Allcott, Hunt |
| Abstract: |
This paper brings together the literatures on the political economy of public
expenditures and the determinants of economic growth. Based on a new dataset
of rural public expenditures in a panel of Latin American economies, the
econometric evidence suggests that non-social subsidies reduce agricultural
GDP. Furthermore, the evidence suggests that political and institutional
factors as well as income inequality are determinants of the size and
structure of rural public expenditures, through which they have large and
significant effects on agricultural GDP. |
| Keywords: |
Public Sector Expenditure Analysis & Management,Economic Theory & Research,Public Sector Economics & Finance,Political Economy,Pro-Poor Growth and Inequality |
| Date: |
2006–04–01 |
| URL: |
http://d.repec.org/n?u=RePEc:wbk:wbrwps:3902&r=fdg |