TY - BOOK ID - 84542161 TI - The Distributional Effects of Public Expenditure : Update and Overview AU - Ter-Minassian, Teresa. AU - Schwartz, Gerd. PY - 1995 SN - 1462383262 1455296929 1281311677 1455246360 9786613778536 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Public Finance KW - Poverty and Homelessness KW - Aggregate Factor Income Distribution KW - National Government Expenditures and Related Policies: General KW - Personal Income, Wealth, and Their Distributions KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Welfare, Well-Being, and Poverty: General KW - Public finance & taxation KW - Poverty & precarity KW - Expenditure KW - Personal income KW - Income distribution KW - Income inequality KW - Consumption KW - National accounts KW - Poverty KW - Expenditures, Public KW - Income KW - Economics KW - Colombia UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542161 AB - It is commonly agreed that economic policies, including budgetary policies, can have potentially strong distributional effects. Traditional economic analysis held that economic policies affected the income distribution primarily through their impact on the rate of growth. More recently, it has come to be recognized that qualitative aspects of economic growth are probably more important than the rate of growth itself. While recent research has confirmed the potential role of expenditure policies as a redistributive tool, it has also shown that redistribution does not necessarily have to come at the expense of economic growth and efficiency. Although there are substantial analytical and technical problems to be faced in the design of equitable and cost-effective public expenditure programs, unfavorable distributional outcomes of these programs can usually be traced more to political and institutional pressures than to purely technical factors. ER -