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Economic Determinants of Government Subsidies

Mr. Benedict J. ClementsMr. Hugo RodríguezMr. Gerd Schwartz

出版	International Monetary Fund, 1998-12-01
主題	Business & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / GeneralBusiness & Economics / International / Economics
ISBN	14519033249781451903324
URL	http://books.google.com.hk/books?id=Ry7_xfJMYdQC&hl=&source=gbs_api

註釋

The paper studies the economic determinants of government subsidies using panel data for 40 countries over 18 years (from 1975 to 1992) and finds that individual country-specific factors play a sizeable role in determining government subsidies. But it also suggests several characteristics—a small government, a small external current account deficit, and a productive structure geared more toward services and agriculture than manufacturing—may make it easier to keep subsidy expenditures down. The paper also suggests that globalization and the associated increase in openness are not impediments to reducing subsidies. In itself, an IMF-supported adjustment program is found not to be a significant determinant of government subsidy expenditures.