Fiscal policy for stabilisation and growth in open developing economies

Author(s): Worrell, DeLisle (1988)

Created 26 Jul, 1988
Categories Working Papers Delisle Worrell
Views: 2127
The paper suggests an approach to fiscal policy-making for open developing economies. Fiscal policy has so many dimensions that global generalisations are hard to come by. The policy design must be adapted to the structural characteristics of the economy. A certain class of economies is specified, with distinct tradable and non-tradable sectors, an integrated labour market and internationally mobile capital. The paper provides a model of the economy and suggests guidelines for the fiscal measures which might provide the best compromise between the objectives of growth, stabilisation and income distribution. (Previous title: Collection of unpublished research papers. (This paper was presented at the International Institute of Public Finance (IIPF) 4th Congress, Istanbul, Turkey. August 22 - 25, 1988. Theme: Public Finance, Trade & Development)

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