How Does the Composition of Public Spending Matter?

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dc.creatorPaternostro, Stefano
dc.creatorRajaram, Anand
dc.creatorTiongson, Erwin R.
dc.date2012-06-25T18:55:18Z
dc.date2012-06-25T18:55:18Z
dc.date2005-03
dc.date.accessioned2026-07-01T01:28:37Z
dc.descriptionPublic spending has effects which are complex to trace and difficult to quantify. But the composition of public expenditure has become the key instrument by which development agencies seek to promote economic development. In recent years, the development assistance to heavily indebted poor countries (HIPCs) has been made conditional on increased expenditure on categories that are thought to be "pro-poor". This paper responds to the growing concern being expressed about the conceptual foundations and the empirical basis for the belief that poverty can be reduced through targeted public spending. While it is widely accepted that growth and redistribution are important sources of reduction in absolute poverty, a review of the literature confirms the lack of an appropriate theoretical framework for assessing the impact of public spending on growth as well as poverty. There is a need to combine principles of both public economics and growth theory to develop appropriate theoretical guidance for public expenditure policy. This paper identifies a number of approaches that are beginning to address this gap. Building on these approaches, it proposes a framework that has its foundation in a broadly articulated development strategy and its economic goals such as growth, equity, and poverty reduction. It recommends the use of public economics principles to clarify the roles of the private and public sectors and to recognize the complementarity of spending, taxation, and regulatory instruments available to affect public policy. With regard to the impact of any given type of public spending, policy recommendations must be tailored to countries and be based on empirical analysis that takes account of the lags and leads in their effects on equity and growth and ultimately on poverty. The paper sketches out such a framework as the first step in what will have to be a longer-term research agenda to provide theoretically and empirically robust and verifiable guidance to public spending policy.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/03/5717794/composition-public-spending-matter
dc.identifierhttps://hdl.handle.net/10986/8964
dc.identifierhttps://doi.org/10.1596/1813-9450-3555
dc.identifier.urihttp://hdl.handle.net/123456789/418435
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3555
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADVERSE EFFECTS
dc.subjectADVOCACY
dc.subjectALTERNATIVE POLICY INSTRUMENTS
dc.subjectBASIC NEEDS
dc.subjectBENEFIT ANALYSIS
dc.subjectCAPITAL FORMATION
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectECONOMISTS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL BASIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXTERNALITIES
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectHEALTH CARE
dc.subjectHEALTH INDICATORS
dc.subjectHEALTH STATUS
dc.subjectHEAVILY INDEBTED POOR COUNTRIES
dc.subjectHIPC
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINTERNATIONAL ORGANIZATIONS
dc.subjectLABOR FORCE
dc.subjectLEARNING
dc.subjectLIFE EXPECTANCY
dc.subjectMARKET FAILURES
dc.subjectNUTRITION
dc.subjectPOLICY INITIATIVES
dc.subjectPOLICY INSTRUMENTS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOVERTY REDUCTION
dc.subjectPRIMARY HEALTH CARE
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INTERVENTION
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SECTOR
dc.subjectQUALITY OF SERVICES
dc.subjectRESEARCH AGENDA
dc.subjectRESOURCE ALLOCATION
dc.subjectSAFETY
dc.subjectSAFETY NETS
dc.subjectSANITATION
dc.subjectSAVINGS
dc.subjectSCHOOLS
dc.subjectSERVICE DELIVERY
dc.subjectSOCIAL INDICATORS
dc.subjectSOCIAL POLICIES
dc.subjectSOCIAL SERVICES
dc.subjectSTRUCTURAL POLICIES
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABLE POVERTY REDUCTION
dc.subjectTAXATION
dc.subjectTRADEOFFS
dc.subjectWAGES
dc.subjectWELFARE ECONOMICS
dc.subjectWELFARE EFFECTS
dc.subjectWORKERS
dc.titleHow Does the Composition of Public Spending Matter?

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