ADB亚洲开发银行：公共支出与包容性增长：跨经济体的实证分析（英文版）

We investigate the effects of different components of government spending on inclusive growth. More specifically, we consider the inclusive impact of public spending on environmental protection, health, education, housing, and social protection, all of which can conceivably promote inclusive growth. For our empirical analysis, we apply panel regressions and local projections to a comprehensive database of 191 economies between 1980 and 2023. Our evidence indicates that equity-promoting govern