01781cas a2200253 a 4500 AALejournalIMF005088 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870138 1018-5941 BD-DhAAL BD-DhAAL Mourmouras, Alex. Fiscal Policy and Economic Development / Alex Mourmouras, Peter Rangazas. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies. Mode of access: Internet Rangazas, Peter. IMF Working Papers; Working Paper ; No. 2008/155 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/155/001.2008.issue-155-en.xml IMF e-Library