01687cas a2200265 a 4500 AALejournalIMF006782 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455209347 1018-5941 BD-DhAAL BD-DhAAL Gupta, Sanjeev. Is Social Spending Procyclical? / Sanjeev Gupta, Alejandro Hajdenberg, Javier Arze del Granado. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (22 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 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. Mode of access: Internet Arze del Granado, Javier. Hajdenberg, Alejandro. IMF Working Papers; Working Paper ; No. 2010/234 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/234/001.2010.issue-234-en.xml IMF e-Library