Open research questions in Fiscal Policy and Economic Growth
275 unresolved questions extracted from the limitations and future-work sections of 2,538 Fiscal Policy and Economic Growth papers in our library. Each links back to the study that raised it.
What the literature leaves open
The challenge of applying a sector-specific investment shock in the model. The need to disaggregate investment by sector and asset level to adjust the capital stock. The complexity of evaluating the role of financing choices in shaping overall investment efficiency.
Public investment in infrastructure, capital inefficiency and economic performance in Morocco: insights from a dynamic CGE model · 2026 · DOIFurther research is needed to analyze the impact of public investment on economic growth in other countries, - The study suggests that future research should focus on the role of financing choices in shaping overall investment efficiency, - More research is needed to understand the effects of infrastructure investment on GDP, depending on the type of sector and the mode of financing
Public investment in infrastructure, capital inefficiency and economic performance in Morocco: insights from a dynamic CGE model · 2026 · DOIHuman Development Index (HDI) serves as a crucial measure of socio-economic progress, yet the nuanced relationships between HDI and key factors such as economic growth, urbanization, institutional quality, environmental pollution, and corruption control remain underexplored.
Urban Expansion, Governance, and Environmental Quality: Decoding the Drivers of Human Development in SADC Countries (2000-2020). · 2025 · DOIDespite government expenditure rising to 9% of GDP in 2021, its efficiency in driving growth remains uncertain, raising critical questions about fiscal policy effectiveness in fragile states.
Government spending and economic growth dynamics in Somalia: time series evidence from ARDL bounds testing · 2025 · DOISpecifically, investment and economic growth did not automatically lead to improvements in social well-being, while quality education alone was insufficient to address issues of unemployment and inflation.
Achieving wellbeing through economic growth and the role of social factors in sustainable development · 2025 · DOIWealth accumulation is critical for advancing women's and men's economic opportunities, and yet is understudied in developing countries.
Individual Wealth Inequality: Measurement and Evidence from Low‐ and Middle‐Income Countries · 2024 · DOIThere is limited evidence that the program had a positive impact on population growth.
The Impact of a State-Level, Place-Based Economic Development Program: A Difference-in-Differences Approach · 2024 · DOIThe causal welfare effects of new road connectivity for previously unconnected rural households have been difficult to pin down. There is a lack of credible causal estimates of the household-level welfare effects of rural road connectivity. The study aims to fill this gap by estimating the causal effect of new road connectivity on rural household welfare.
The Causal Effect of Rural Road Connectivity on Household Welfare in India: A Regression Discontinuity Analysis of the Pradhan Mantri Gram Sadak Yojana · 2026 · DOIThe study faces the challenge of estimating the potential effects of debt renegotiation on the economy and institutions. The paper must consider the complexity of the debt renegotiation process. The analysis is limited by the availability of data and the assumptions made.
Demasiado tarde para ser perdoada? : uma análise sintética sobre o impacto de uma renegociação da dívida pública · 2026 · DOIThe study only considers a 50% haircut and reduction of interest rates. The analysis is based on a limited set of data and assumptions. The paper does not provide a comprehensive review of the literature on debt renegotiation.
Demasiado tarde para ser perdoada? : uma análise sintética sobre o impacto de uma renegociação da dívida pública · 2026 · DOIThe study identifies a gap in the existing literature on the relationship between money supply and economic growth in Nigeria. The study investigates the impact of money supply on economic growth in Nigeria using quarterly data.
Several policy lessons can be drawn from the findings of this study. Fundamentally, there is the need for policy intervention in terms of Nigeria government and other stakeholders in the countries in the following area: The empirical findings of this study show that money supply has a positive impact on economic growth in IRE 1718720 ICONIC RESEARCH AND ENGINEERING JOURNALS 714 -30-20-1001020309698000204060810121416182022CUSUM5% Significance-0.4-0.20.00.20.40.60.81.01.21.40204060810121416182022CUSUM of Squares5% Significance © JUN 2026 | IRE Journals | Volume 9 Issue 12 | ISSN: 2456-8880 DOI: https://doi.org/10.64388/IREV9I12-1718720 moving average (VARMA) approach. Applied Economics, 35(10), 1219-1 Dickey D., Fuller W. (1979). – « Distribution of the Estimator for Autoregressive Time series with a Unit Root », Journal of the American Statistical Association, 74, pp. 427-431. Ehigiamusoe, U. K. (2013).
The lack of registration and unrecorded transactions pose profound challenges for accurate measurement. The informal sector is not monolithic, comprising a vast array of activities.
The Informal Sector's Contribution to National Output: A Comparative Analysis of Measurement Methodologies in Côte d'Ivoire (2020–2026) · 2026 · DOIThe lack of a robust understanding of the informal sector's true contribution to the nation's GDP. The disparate methodological approaches used to estimate the informal sector's size and economic weight.
The Informal Sector's Contribution to National Output: A Comparative Analysis of Measurement Methodologies in Côte d'Ivoire (2020–2026) · 2026 · DOIThe lack of studies on the effect of economic freedom on Tunisian external debt. The need to extend the existing literature by incorporating economic freedom indices.
A comprehensive methodology to estimate the total cost of the occupation is needed. Previous studies have estimated the costs of the occupation, but a comprehensive methodology is lacking.
Socioeconomic challenges related to fiscal decentralisation and rural development. Limited own-revenue capacity of rural local governments. Inadequate funds for local economic development.
A significant gap remains in understanding how the growth of own revenues of rural local governments influences their financial position and expenditure patterns. There is a need to examine the impact of own revenue growth on the financial performance and expenditure behaviour of rural local governments in India.
Future studies can apply the VECM framework to other regions or countries to analyze the impact of remittances on their economies. Further research can examine the impact of remittances on other sectors, such as the service sector.
Econometric investigation of sectoral contributions to remittance inflows in Kerala using the VECM framework · 2026 · DOIThere is a lack of studies examining the sectoral impact of international remittances on Kerala's economy. The existing literature does not provide a clear understanding of the relationship between remittances and sectoral growth.
Econometric investigation of sectoral contributions to remittance inflows in Kerala using the VECM framework · 2026 · DOIThe study identifies a gap in the literature on the relationship between public and private fixed capital investments and economic growth in Turkey. The study aims to fill this gap by using a novel approach, combining the AARDL model and time-varying Granger causality test.
When Stability Matters: Long-Run and Dynamic Effects of Public and Private Fixed-Capital Investments on Economic Growth in Turkey · 2026 · DOIThe study identifies a gap in the existing literature on the impact of government economic policies on economic development in Nigeria. The study aims to investigate the impact of government economic policies on Nigeria's economic development.
The high and statistically significant autocorrelation indicated that the data can exhibit non-stationarity or the presence of a unit root, which should be further investigated using appropriate statistical tests. The moderate positive correlation between tariff (TARR) and interest rate (INTR) suggests Surajdeen Tunde Ajagbe, Tajudeen Adejare Adegbite 24 a potential link between these two factors, which could be further investigated.
There is an imbalance between the wishes of citizens and those of policymakers regarding taxes. The paper aims to address this gap by analysing the impact of tax revenues on economic growth.
The multifaced impact oftaxation on economic growth: Evidence fromEuropean Union countries · 2026 · DOIFuture research should explore the implications of the study's findings for policymakers and educators. The study's results could be used to inform budgeting decisions and expenditure allocations.
WHEN DOES GOVERNMENT EDUCATION EXPENDITURE YIELD QUALITY GAINS? A NONLINEAR ANALYSIS OF FISCAL EFFECTIVENESS ACROSS ASIA · 2026 · DOI
Most-cited papers in Fiscal Policy and Economic Growth
- Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations · The Review of Economic Studies · 1991 · 23,435 citations
- A Pure Theory of Local Expenditures · Journal of Political Economy · 1956 · 8,146 citations
- Government Spending in a Simple Model of Endogeneous Growth · Journal of Political Economy · 1990 · 3,747 citations
- Income Distribution and Macroeconomics · The Review of Economic Studies · 1993 · 2,416 citations
- Investment in Human Capital and Personal Income Distribution · Journal of Political Economy · 1958 · 2,104 citations
- Shadow Economies: Size, Causes, and Consequences · Journal of Economic Literature · 2000 · 1,709 citations
- FDI and economic growth: the role of local financial markets · Journal of International Economics · 2003 · 1,592 citations
- Pigou, Tiebout, property taxation, and the underprovision of local public goods · Journal of Urban Economics · 1986 · 1,062 citations
- The Construction of Utility Functions from Expenditure Data · International Economic Review · 1967 · 854 citations
- Linear Expenditure Systems and Demand Analysis: An Application to the Pattern of British Demand · The Economic Journal · 1954 · 741 citations
Most recent work
- Optimal income taxation without tax evasion · European Economic Review · 2026
- How do bureaucrats respond to hybrid incentive contract? Evidence from China’s air pollution controls · Journal of Public Economics · 2026
- Property tax competition: A quantitative assessment · Journal of Urban Economics · 2026
- Efficiency Criteria, Income Taxation, and Heterogeneous Elasticities · American Economic Review · 2026
- Distributional tax analysis in theory and practice: Harberger meets Diamond-Mirrlees · Journal of Public Economics · 2026
- Macroeconomic Effects of Public Investment in EMDEs : Nonlinear Effects of the Business Cycle, Fiscal Space, Capital Stock and Efficiency · Oxford Bulletin of Economics and Statistics · 2026
- Does financial development spur labor productivity? Evidence on the moderating roles of FDI and capital accumulation · Journal of Economic Studies · 2026
- Economic complexity and shadow economy in Africa: An assessment of nonlinearity and asymmetry · Economics and Business Review/The Poznań University of Economics Review · 2026
- Fiscal externalities of transaction taxes: Evidence from the Los Angeles mansion tax · Journal of Public Economics · 2026
- The benefits of public transit to households: Evidence from India · Journal of Development Economics · 2026
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