Political Institutions, Inequality, and Agricultural Growth: The Public Expenditure Connection

43 Pages Posted: 20 Apr 2016

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Daniel Lederman

World Bank - Latin America and Caribbean Region

Ramón López

University of Maryland - Department of Agricultural & Resource Economics

Date Written: April 1, 2006

Abstract

This paper brings together the literatures on the political economy of public expenditures and the determinants of economic growth. Based on a new dataset of rural public expenditures in a panel of Latin American economies, the econometric evidence suggests that non-social subsidies reduce agricultural GDP. Furthermore, the evidence suggests that political and institutional factors as well as income inequality are determinants of the size and structure of rural public expenditures, through which they have large and significant effects on agricultural GDP.

Keywords: Public Sector Expenditure Analysis & Management, Economic Theory & Research, Public Sector Economics & Finance, Political Economy, Pro-Poor Growth and Inequality

Suggested Citation

Lederman, Daniel and López, Ramón, Political Institutions, Inequality, and Agricultural Growth: The Public Expenditure Connection (April 1, 2006). World Bank Policy Research Working Paper No. 3902, Available at SSRN: https://ssrn.com/abstract=923240

Daniel Lederman (Contact Author)

World Bank - Latin America and Caribbean Region ( email )

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Ramón López

University of Maryland - Department of Agricultural & Resource Economics ( email )

Symmons Hall, Rm 2200
University of Maryland
College Park, MD 20742-5535
United States
301-405-1281 (Phone)
301-405-9091 (Fax)

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