The Impact of Fiscal Consolidation on Human Development

Luca Agnello, João Tovar Jalles, Ricardo M. Sousa, Vitor Castro

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1 Citazioni (Scopus)

Abstract

We find that fiscal austerity is associated with a reduction of human development standards, with the negative effect being particularly severe in the case of spending-driven consolidation episodes. Fiscal adjustments are especially damaging for human development in developing countries (namely, African and Latin American countries). Additionally, the empirical evidence shows that (i) government stability is a crucial institutional determinant of human development, and (ii) while investment in physical capital can boost human development, government consumption and inflation are detrimental to it.
Lingua originaleEnglish
pagine (da-a)399-429
Numero di pagine31
RivistaJournal of International Development
Volume30
Stato di pubblicazionePublished - 2018

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All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development

Cita questo

Agnello, L., Jalles, J. T., Sousa, R. M., & Castro, V. (2018). The Impact of Fiscal Consolidation on Human Development. Journal of International Development, 30, 399-429.