nep-fdg New Economics Papers
on Financial Development and Growth
Issue of 2006‒04‒29
one paper chosen by
Iulia Igescu
Global Insight, GmbH

  1. Political institutions, inequality, and agricultural growth : the public expenditure connection By Lopez, Ramon; Lederman, Daniel; Allcott, Hunt

  1. 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

This nep-fdg issue is ©2006 by Iulia Igescu. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.