Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences
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We acknowledge funding from a World Bank Research Preparation Grant and thank Jean-Jacques Dethier and Vikram Nehru for their support. This paper is part of the on-going work program on "Sovereign Debt and Development" of the Economic Policy and Debt Department of the World Bank. We would like to thank Gurnain Kaur Pasricha for excellent research assistance. The findings, interpretations and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the World Bank, its Executive Directors, or the countries they represent; and do not necessarily reflect the views of the National Bureau of Economic Research.