The Political Economy of Development Finance: Public Sector Expansion and Economic Development in Jamaica Book

	List of Tables and Figures
	Preface
1	Introduction	1
	Background: Patterns of Public Expenditure	2
	Scope and Purpose of the Study	15
	Appendix: The Data for International Comparison	21
2	Collection Costs and the Structure of Taxation	25
	The Collection Cost of Public Revenue	26
	Methods of Raising Revenue	29
	The Effects of Resource Redistribution	33
	Appendix: A Three-Sector Model of the Jamaican Economy	49
	The Model	49
	The Effects of Resource Redistribution	54
3	The Financing of Public Expenditures	62
	Growth and Structural Change	63
	The Public Budget: An Overview	71
	Structure of Revenues	73
	The Deficit and its Financing	85
4	Patterns of Savings and Investment	95
	"Industrialisation by Invitation"	98
	Savings and the Functional Distribution of Income	105
	Savings, Investment and Economic Growth	117
5	Trade, Investments and the Distribution of Income	125
	Volume and Structure of Trade	127
	The Development of Profitability in Export Industries	129
	The Personal Distribution of Income, 1970-84	137
	Income Distribution, Import Composition and Investment	143
6	Public Expansion and Economic Growth	150
	The Structure and Pattern of Public Expenditures	151
	On the Flexibility of Public Expenditures	157
	Public Expansion and Deindustrialisation	161
7	Summary and Concluding Reflections	181
	Revenue and Expenditures in Jamaica and Abroad	186
	References	191
	Index	201