Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/61628
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dc.contributor.authorMedina Cas, Stephanie-
dc.contributor.authorOta, Rui-
dc.date.accessioned2020-10-13T06:24:52Z-
dc.date.available2020-10-13T06:24:52Z-
dc.date.issued2008-
dc.identifier.citationMedina Cas, S., & Ota, R. (2008). Government expenditure, debt and fiscal adjustment in small states. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 59-94). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariaten_GB
dc.identifier.isbn978-99909-49-24-7-
dc.identifier.urihttps://www.um.edu.mt/library/oar/handle/123456789/61628-
dc.description.abstractUsing a new fiscal dataset for small states, this paper analyses the link between country size, government size, debt, and economic performance. It finds that on average small states have larger governments and higher public debt. Although there are intrinsic factors that explain why governments are bigger in small states, those with smaller governments and lower public debt tend to grow faster and are less vulnerable and more economically resilient to external shocks. Large fiscal adjustments, primarily through expenditure restraint, can underpin growth, especially when embedded in an economic reform programme. Since better governance is associated with lower debt, fiscal adjustment should be supported by governance improvements.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Malta. Islands and Small States Institute & The Commonwealth Secretariaten_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectMacroeconomics -- Case studiesen_GB
dc.subjectEconomics -- Legal aspectsen_GB
dc.subjectEnvironment -- Economic aspectsen_GB
dc.subjectSustainable developmenten_GB
dc.subjectStates, Small -- Economic aspectsen_GB
dc.titleGovernment expenditure, debt and fiscal adjustment in small statesen_GB
dc.title.alternativeSmall states and the pillars of economic resilienceen_GB
dc.typebookParten_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holderen_GB
dc.description.reviewedpeer-revieweden_GB
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