Government Spending in the Context of the Developing Country Paradigm in Jamaica
19 Pages Posted: 25 Mar 2006
Date Written: November 12, 2005
Abstract
There has been much discourse in the public media about the quality of and effectiveness of government spending in Jamaica. However to put in context and do a comparative analysis should serve to highlight critical discourse analysis and thinking rather than speaking to hyperbolic political diatribe; furthermore it will also serve to promote Real Time Thinking (RTT).
Benedict Clements, Sanjeev Gupta, and Gabriela Inchauste (2004) in examining the short- and long-term movements of government spending relative to output in 51 countries found that in the short term, the main components of government spending increase with output in about half of the sample countries, with some variation across spending categories and countries. Further, that there is a long-term relationship between government spending and output for the majority of countries for at least one spending aggregate.
Keywords: politicl business cycle Jamaica, government spending Jamaica
JEL Classification: E3, E62
Suggested Citation: Suggested Citation