The author uses a novel loan-level dataset covering lending by official creditors to developing country governments to construct an instrument for government spending. These loans typically finance multiyear spending projects, with disbursements linked to the stages of project implementation. The identification strategy exploits the long lags between approval and eventual disbursement of these loans to isolate a predetermined component of public spending...
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2013/11/01
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Artigo de revista
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93127
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1
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1
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2014/12/19
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Disclosed
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Government spending multipliers in developing countries : evidence from lending by official creditors
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government spending
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