TY  - BOOK
AU  - Gupta,Sanjeev
AU  - Arze del Granado,Javier
AU  - Gupta,Sanjeev
AU  - Hajdenberg,Alejandro
TI  - Is Social Spending Procyclical?
T2  - IMF Working Papers; Working Paper
SN  - 1455209341 :
SN  - 1018-5941
PY  - 2010///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Expenditures
KW  - imf
KW  - Health Expenditures
KW  - Public Expenditures
KW  - Social Spending
KW  - Total Expenditures
KW  - Bhutan
KW  - Bulgaria
KW  - El Salvador
KW  - Guinea
KW  - Italy
N2  - This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are procyclical during periods of positive output gap and acyclical during periods of negative output gap. Furthermore, the degree of cyclicality is higher the lower the level of economic development
UR  - http://elibrary.imf.org/view/IMF001/11345-9781455209347/11345-9781455209347/11345-9781455209347.xml
UR  - http://www.imfbookstore.org/IMFORG/9781455209347
ER  -