01660cas a2200241 a 4500 AALejournalIMF010552 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947205 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 42 No. 2. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (208 pages) IMF Staff 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 develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes that are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained that support the proposed influence of the public finance variables on economic growth. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1995/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1995/002/024.1995.issue-002-en.xml IMF e-Library