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Fiscal Policy for Inclusive Growth: An Overview

Author

Listed:
  • Estrada, Gemma

    (Asian Development Bank)

  • Lee, Sang-Hyop

    (University of Hawaii at Manoa)

  • Park, Donghyun

    (Asian Development Bank)

Abstract

In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all. Developing Asia has trailed other parts of the world in equity-promoting fiscal expenditures, namely education, health care, and social protection, and thus the region needs to do more. Expanding public expenditures without boosting fiscal resources can, however, jeopardize fiscal sustainability. The key challenge is how to use fiscal policy to make growth more inclusive while maintaining fiscal sustainability.

Suggested Citation

  • Estrada, Gemma & Lee, Sang-Hyop & Park, Donghyun, 2014. "Fiscal Policy for Inclusive Growth: An Overview," ADB Economics Working Paper Series 423, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0423
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    Citations

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    Cited by:

    1. Michael Shashoua & Sudip Ranjan Basu, 2015. "Polarizing World: GDP, Development and Beyond," MPDD Working Paper Series WP/15/13, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    2. Pui Sun Tam, 2018. "Economic Transition and Growth Dynamics in Asia: Harmony or Discord?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(3), pages 361-387, September.
    3. Ekaterina Arapova, 2018. "Determinants Of Household Final Consumption Expenditures In Asian Countries: A Panel Model, 1991-2015," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 121-140.

    More about this item

    Keywords

    fiscal policy; inclusive growth; Asia; economic growth; equity;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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