This paper uses a novel loan-level dataset covering lending by official creditors to developing country governments to construct an instrument for public spending that can be used to estimate government spending multipliers. Loans from official creditors (primarily multilateral development banks and bilateral aid agencies) are a major source of financing for government spending in developing countries. These loans typically finance public spending...
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INFORMACIÓN
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2012/06/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS6099
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1
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1
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2012/06/01
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Disclosed
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Government spending multipliers in developing countries : evidence from lending by official creditors
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government spending