The political economy of public expenditures

@inproceedings{Keefer2003ThePE,
  title={The political economy of public expenditures},
  author={Philip E. Keefer and Stuti Khemani},
  year={2003}
}
Governments have a crucial role to play in accelerating – or obstructing – economic development, and one of the main tools through which this role is exercised is public expenditure. Targeted appropriately, public expenditures can overcome market failures that deny large segments of the population access to economic opportunities – market failures such as the inability of the poor to borrow for education, or the lack of information about preventive health care, or the externalities that… CONTINUE READING

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