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Public Debt and Fiscal Policy in Developing Countries

In: The Economics of Public Debt

Author

Listed:
  • Vito Tanzi

    (International Monetary Fund)

  • Mario I. Blejer

    (International Monetary Fund)

Abstract

Over the past decade the growth of public spending has generated large fiscal deficits in many countries, leading to increases in the share of public debt relative to gross domestic product (GDP). This happened in both industrial and developing countries. With the exception of a few, small countries such as Ireland and Denmark, the increase in public debt in industrial countries has been mostly domestic. In the developing countries, on the other hand, the public debt has been mostly external, although some countries, including Brazil and Mexico, have also accumulated sizeable domestic debts.

Suggested Citation

  • Vito Tanzi & Mario I. Blejer, 1988. "Public Debt and Fiscal Policy in Developing Countries," International Economic Association Series, in: Kenneth J. Arrow & Michael J. Boskin (ed.), The Economics of Public Debt, chapter 8, pages 230-263, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-19459-9_8
    DOI: 10.1007/978-1-349-19459-9_8
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    Citations

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    Cited by:

    1. Joweria M. Teera & John Hudson, 2004. "Tax performance: a comparative study," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 785-802.
    2. Isaac Kwesi Ofori & Camara Kwasi Obeng & Mark Kojo Armah, 2018. "Exchange rate volatility and tax revenue: Evidence from Ghana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1537822-153, January.
    3. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    4. Riera Prunera, Maria Carmen, 2000. "A Role For Deficit In Economic Growth," ERSA conference papers ersa00p335, European Regional Science Association.

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