Preview: Government Spending Multipliers in Developing Countries : Evidence from Lending by Official Creditors

Government Spending Multipliers in Developing Countries : Evidence from Lending by Official Creditors

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 cre...

Full description

Bibliographic Details
Main Author:	Kraay, Aart
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	BANK BORROWERS BANK FINANCING BANK LENDING BANK LOAN BIASES BILATERAL DISBURSEMENTS BORROWER BUSINESS CYCLE CAPITAL MOBILITY CENTRAL BANKS CHECKS CONSUMPTION EXPENDITURES CREDIT AGENCIES CREDIT LINES CREDITOR CREDITORS CREDITS DEBT DEBT DATA DEBT OBLIGATIONS DEBTOR DEBTOR REPORTING SYSTEM DEPENDENT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT LOANS DISBURSEMENT DISBURSEMENTS DOMESTIC DEBT DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC POLICY EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATE ARRANGEMENTS EXCHANGE RATES EXCLUSION EXTERNAL DEBT FACE VALUE FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL OPENNESS FINANCIAL SUPPORT FISCAL POLICY FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLEXIBLE EXCHANGE RATE FUTURE LOANS GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMY GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT INVESTMENT GOVERNMENT SPENDING GRACE PERIOD GROUPS OF LOANS HOUSEHOLDS INDIVIDUAL LOANS INFRASTRUCTURE INVESTMENT INITIAL LOAN INSTITUTIONAL ENVIRONMENT INSTRUMENT INTEREST EXPENDITURES INTEREST PAYMENTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL BORROWING INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INVESTING INVESTMENT BANK LARGE NUMBER OF CREDITORS LENDERS LOAN LOAN AGREEMENTS LOAN AMOUNT LOAN APPROVAL LOAN APPROVALS LOAN COMMITMENT LOAN COMMITMENTS LOAN SIZE LOCAL CURRENCY MACROECONOMIC CONDITIONS MACROECONOMIC CRISES MAJOR CREDITORS MARKET ECONOMIES MARKET INTEREST RATES MATURITY MAXIMUM LOAN AMOUNT MONETARY FUND MONETARY POLICY MULTILATERAL LENDERS NATURAL DISASTER NATURAL DISASTERS NEGATIVE SHOCKS NOMINAL INTEREST RATE PENSION PENSION FUND POLICY RESPONSE POLITICAL ECONOMY PRIVATE CREDITORS PROCUREMENT PROVISIONS PUBLIC PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SPENDING RECESSION RECESSIONS RECIPIENT COUNTRIES RECIPIENT COUNTRY REINVESTMENT REPAYMENT REPAYMENT PERIODS REPAYMENTS RETURN ROADS SOVEREIGN DEBT STOCK RETURNS T-BILL T-BILL RATE T-BILLS TAX TAX OBLIGATIONS TREASURY TREASURY BILL TREASURY BILL RATE TREASURY BILL RATES UNION WEALTH EFFECT WEALTH EFFECTS
Online Access:	http://documents.worldbank.org/curated/en/2012/06/16398361/government-spending-multipliers-developing-countries-evidence-lending-official-creditors http://hdl.handle.net/10986/9311

Government Spending Multipliers in Developing Countries : Evidence from Lending by Official Creditors

Similar Items