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Author : Dominique Van de Walle
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)
Download or read book Assessing the Welfare Impacts of Public Spending written by Dominique Van de Walle and published by World Bank Publications. This book was released on 1996 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dominique P. van de Walle
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)
Download or read book Assessing the Welfare Impacts of Public Spending written by Dominique P. van de Walle and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We must diversify and compare results from our methods of assessment, as well as broaden our definition of well-being, to see how public spending policies affect various facets of living standards. An important objective of public spending is to raise household living standards, particularly for the poor. But how can final impacts on this objective best be assessed? Evaluating a policy's impact requires assessing how different things would have been in its absence. But the counterfactual of no intervention is often tricky to quantify.Van de Walle surveys the methods most often used to assess the welfare effects of public spending. In studying the current state of the art she identifies some limitations of current practices and draws implications for best practice in future work. The methods used to assess welfare impacts broadly fall into two groups: Benefit incidence studies and behavioral approaches. Both have their strengths and weaknesses. Benefit incidence studies ignore behavioral responses and second-round effects, and simply use the cost of provision as a proxy for benefits received. Behavioral approaches present quite different drawbacks, in attempting to represent individual benefits correctly. A number of recent studies usefully combine both approaches. It is still uncertain whether behaviorally consistent methods actually point to fundamentally different policy recommendations. What can be concluded is that we need to diversify and compare results from our evaluation methods and broaden our definition of well-being, to see how various facets of living standards are affected by public spending.This paper - a product of the Public Economics Division, Policy Research Department - is part of a larger effort in the department to analyze public spending and poverty issues.
Author : de van Dominique Walle
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)
Download or read book Assessing the Welfare Impacts of Public Spending written by de van Dominique Walle and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1996 We must diversify and compare results from our methods of assessment, as well as broaden our definition of well-being, to see how public spending policies affect various facets of living standards. An important objective of public spending is to raise household living standards, particularly for the poor. But how can final impacts on this objective best be assessed? Evaluating a policy's impact requires assessing how different things would have been in its absence. But the counterfactual of no intervention is often tricky to quantify. Van de Walle surveys the methods most often used to assess the welfare effects of public spending. In studying the current state of the art she identifies some limitations of current practices and draws implications for best practice in future work. The methods used to assess welfare impacts broadly fall into two groups: benefit incidence studies and behavioral approaches. Both have their strengths and weaknesses. Benefit incidence studies ignore behavioral responses and second-round effects, and simply use the cost of provision as a proxy for benefits received. Behavioral approaches present quite different drawbacks, in attempting to represent individual benefits correctly. A number of recent studies usefully combine both approaches. It is still uncertain whether behaviorally consistent methods actually point to fundamentally different policy recommendations. What can be concluded is that we need to diversify and compare results from our evaluation methods and broaden our definition of well-being, to see how various facets of living standards are affected by public spending. This paper - a product of the Public Economics Division, Policy Research Department - is part of a larger effort in the department to analyze public spending and poverty issues. The author may be contacted at [email protected].
Author : Ms.Keiko Honjo
Publisher : International Monetary Fund
ISBN 13 : 145192240X
Total Pages : 61 pages
Book Rating : 4.4/5 (519 download)
Download or read book The Efficiency of Government Expenditure written by Ms.Keiko Honjo and published by International Monetary Fund. This book was released on 1997-11-01 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the efficiency of government expenditure on education and health in 38 countries in Africa in 1984-95, both in relation to each other and compared with countries in Asia and the Western Hemisphere. The results show that, on average, countries in Africa are less efficient than countries in Asia and the Western Hemisphere; however, education and health spending in Africa became more efficient during that period. The assessment further suggests that improvements in educational attainment and health output in African countries require more than just higher budgetary allocations.
Author : Sanjay Pradhan
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.F/5 ( download)
Download or read book Evaluating Public Spending written by Sanjay Pradhan and published by World Bank Publications. This book was released on 1996 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a framework for evaluating the level and composition of public expenditures, illustrated by sectoral and country examples. The paper illustrates how this framework can be applied to analyzing broad allocations of spending within and across sectors, drawing upon some key findings and country examples from major sectors (health, education, infrastructure). The report emphasizes six elements which should be an integral part of an ongoing exercise to evaluate public spending. Those elements include: (1) the aggregate level of public spending and deficit of the consolidated public sector must be consistent with the macroeconomic framework; (2) aggregate spending should be allocated to programs within and across sectors to maximize social welfare, including the impact on the poor; (3) the role of the government versus the private sector ought to be a principal criterion governing the choice of programs for public financing and provision--public expenditures should complement rather than substitute for private sector activities; (4) the impact of key programs on the poor, including their incidence and total costs, should be analyzed; (5) the input mix, or the allocations for capital and recurrent expenditures, should be analyzed in an integrated manner within programs and sectors; and (6) budgetary institutions should be analyzed to insure that the underlying incentive structure contributes to aggregate fiscal discipline, allocative efficiency and equity in the composition of spending, and technical efficiency in the use of budgeted resources. Fifteen tables (out of 49) and 5 appendices (out of 17) deal with education-related data. The paper should be useful to policymakers in developing countries, staff in donor organizations, as well as researchers working on public expenditure issues. (Author/EH).
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1557755418
Total Pages : 56 pages
Book Rating : 4.5/5 (577 download)
Download or read book Unproductive Public Expenditures written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-04-04 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.
Author : Ludger Schuknecht
Publisher : Cambridge University Press
ISBN 13 : 1108496237
Total Pages : 305 pages
Book Rating : 4.1/5 (84 download)
Download or read book Public Spending and the Role of the State written by Ludger Schuknecht and published by Cambridge University Press. This book was released on 2020-11-12 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Up-to-date, holistic and comprehensive discussion of public expenditure, its history, value for money, risks and remedies.
Author : Anthony Barnes Atkinson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (984 download)
Download or read book Lectures on public economics written by Anthony Barnes Atkinson and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vito Tanzi
Publisher : Cambridge University Press
ISBN 13 : 9780521664103
Total Pages : 316 pages
Book Rating : 4.6/5 (641 download)
Download or read book Public Spending in the 20th Century written by Vito Tanzi and published by Cambridge University Press. This book was released on 2000-06-05 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a detailed account of reform experiences in several countries and the public debate regarding government reform, the study closes with an outlook on the future role of the state, a period when globalization may require and people may want "leaner" but not "meaner" states."--Jacket.
Author : Jeff GROGGER
Publisher : Harvard University Press
ISBN 13 : 0674037960
Total Pages : 352 pages
Book Rating : 4.6/5 (74 download)
Download or read book Welfare Reform written by Jeff GROGGER and published by Harvard University Press. This book was released on 2009-06-30 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Welfare Reform, Jeffrey Grogger and Lynn Karoly assemble evidence from numerous studies to assess how welfare reform has affected behavior. To broaden our understanding of this wide-ranging policy reform, the authors evaluate the evidence in relation to an economic model of behavior.
Author : Djeneba Doumbia
Publisher : International Monetary Fund
ISBN 13 : 1513511866
Total Pages : 51 pages
Book Rating : 4.5/5 (135 download)
Download or read book Reallocating Public Spending to Reduce Income Inequality: Can It Work? written by Djeneba Doumbia and published by International Monetary Fund. This book was released on 2019-09-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can a government reduce income inequality by changing the composition of public spending while keeping the total level of expenditure fixed? Using newly assembled data on spending composition for 83 countries across all income groups, this paper shows that reallocating spending toward social protection and infrastructure is associated with reduced income inequality, particularly when it is financed through cuts in defense spending. However, the political and security situation matters. The analysis does not find evidence that lowering defense spending to finance infrastructure and social outlays improves income distribution in countries with weak institutions and at higher risk of conflict. Reallocating social protection and infrastructure spending towards other types of spending tends to increase income inequality. Accounting for the long-term impact of health spending, and particularly education spending, helps to better capture the equalizing effects of these expenditures. The paper includes a discussion of the implications of the findings for Indonesia, a major emerging market where income inequality is at the center of policy issues.
Author : Mr.David Coady
Publisher : International Monetary Fund
ISBN 13 : 1484398084
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)
Download or read book Fiscal Redistribution and Social Welfare written by Mr.David Coady and published by International Monetary Fund. This book was released on 2019-03-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal redistribution. Differences in fiscal redistribution are decomposed into differences in the magnitude of transfers (fiscal effort) and in the progressivity of transfers (fiscal progressivity). Fiscal progressivity is further decomposed into differences in the distribution of transfers across income groups (targeting performance) and in the social welfare returns to targeting due to varying initial levels of income inequality (targeting returns). This decomposition provides a clear distinction between the concepts of progressivity and targeting, and clarifies the relationship between them. For illustrative purposes, the framework is applied to data for 28 EU countries to determine the factors explaining differences in their fiscal redistribution and to discuss patterns in fiscal redistribution highlighted in the literature.
Author : Mr.Jack Diamond
Publisher : International Monetary Fund
ISBN 13 : 9781557757876
Total Pages : 84 pages
Book Rating : 4.7/5 (578 download)
Download or read book Guidelines for Public Expenditure Management written by Mr.Jack Diamond and published by International Monetary Fund. This book was released on 1999-07-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
Author : Mr.Morris Goldstein
Publisher : International Monetary Fund
ISBN 13 : 1451851200
Total Pages : 40 pages
Book Rating : 4.4/5 (518 download)
Download or read book Market-Based Fiscal Discipline in Monetary Unions written by Mr.Morris Goldstein and published by International Monetary Fund. This book was released on 1991-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of market-based fiscal discipline posits that a government which runs persistent, excessive fiscal deficits will face an increased cost of borrowing and eventually, a reduced availability of credit, and that these market actions will provide an incentive to correct irresponsible fiscal behavior. This paper presents new empirical evidence on market-based fiscal discipline by estimating the relationship between the cost of borrowing and fiscal policy behavior across U.S. states. We find that U.S. states which have followed more prudent fiscal policies are perceived by the market as having lower default risk and are therefore able to reap the benefit of lower borrowing costs.
Author :
Publisher : World Bank Publications
ISBN 13 : 9780195211238
Total Pages : 164 pages
Book Rating : 4.2/5 (112 download)
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Author : Alan T. Peacock
Publisher : Ashgate Publishing
ISBN 13 : 9780751202564
Total Pages : 213 pages
Book Rating : 4.2/5 (25 download)
Download or read book The Growth of Public Expenditure in the United Kingdom written by Alan T. Peacock and published by Ashgate Publishing. This book was released on 1993-11-01 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines public expenditure, explaining the size and the structure of the system of public finance. Suitable for use as a course text, it can function as a point of departure for empirical and analytical studies on the behaviour of governments.
Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 9780821361443
Total Pages : 294 pages
Book Rating : 4.3/5 (614 download)
Download or read book Public Expenditure Analysis written by World Bank and published by World Bank Publications. This book was released on 2005 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the public sector in developing countries. Provides tools of analysis for discovering equity in tax burdens as well as in public spending and judging government performance in its role in safeguarding the interests of the poor and disadvantaged. Outlines a framework for a rights-based approach to citizen empowerment - in other words, creating an institutional design with appropriate rules, restraints, and incentives to make the public sector responsive and accountable to an average voter.
