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- W4213304472 abstract "No AccessJun 1988The Role of Public Finance in DevelopmentAuthors/Editors: World BankWorld BankSearch for more papers by this authorhttps://doi.org/10.1596/9780195206500_Chapter2AboutView ChaptersPDF (0.3 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Introduces the broad perspective for viewing deficit reduction, noting that both direct and indirect modes of government intervention involve public spending and revenue and are thus equally subject to the strictures of sound public finance. In most developing countries the share of central government spending in gross national product (GNP) remains below that of the industrial countries, though much of the difference is due to the industrial countries' higher level of transfers for social security and welfare. In developing countries the public sector tends to play a greater role as an investor than in industrial countries, and state-owned enterprises (SOEs) account for important shares both of total public spending and of gross domestic product (GDP). State and local governments appear in general to have a smaller role in developing countries than in the industrial world although subnational governments plan an important role in some developing countries, including Argentina, Brazil, Colombia, India, Republic of Korea, and Nigeria. Previous chapterNext chapter FiguresreferencesRecommendeddetailsCited byOn selective indirect tax reform in developing countriesJournal of Public Economics, Vol.89, No.4 View Published: June 1988ISBN: 978-0-19-520650-0 Copyright & Permissions Related RegionsAfricaEast Asia & PacificLatin America & CaribbeanRelated CountriesColombiaIndonesiaKenyaNigeriaThailandRelated TopicsEnvironmentFinance and Financial Sector DevelopmentUrban Development KeywordsCURRENT ACCOUNT DEFICITDEBTORSDEVELOPING COUNTRIESEXPENDITUREEXPORTERSFISCAL DEFICITSGOVERNMENT FINANCESGOVERNMENT SPENDINGHUMAN CAPITALINCOME LEVELINDEBTED COUNTRIESINFLATIONINFLATION RATELOCAL GOVERNMENTLOCAL GOVERNMENTSMARKET ECONOMIESNATIONAL DEBTPUBLIC FINANCEPUBLIC SECTOR DEFICITSPUBLIC SPENDING PDF DownloadLoading ..." @default.
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- W4213304472 date "1988-06-30" @default.
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- W4213304472 title "The Role of Public Finance in Development" @default.
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