Social and Behavioral Sciences Commons^™

Instability Of Government Revenue And Expenditure In Less Developed Countries, David Lim

Prof. David Lim

The governments of most less developed countries (LDCs) depend basically on their tax and non-tax revenues to finance their expenditure programmes. Unless countervailing action is taken, instability in government revenue will result in instability in government expenditure. The latter can add considerably to the complexity of fiscal management, which may then render ineffective development planning.1 It can also reduce business confidence and lead to the precautionary discounting of prospective investment returns and so a lowering of the investment level. This note does not attempt to verify the claim that expenditure instability has adverse effects on economic growth. Its aim is …

Government Recurrent Expenditure And Economic Growth In Less Developed Countries, David Lim

Prof. David Lim

There is not much support in less developed countries for the hypothesis that recurrent government expenditure is seen as consumption and hence more dispensable than capital expenditure. There is little evidence of a secular decline in recurrent expenditure for a group of 54 less developed countries over the period 1965–1973, nor is there strong evidence of greater instability in recurrent expenditure.

Using Social Norms As A Substitute For Law, Bryan H. Druzin

Bryan H. Druzin