Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/168999 
Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 18 [Issue:] 42 [Publisher:] The Bucharest University of Economic Studies [Place:] Bucharest [Year:] 2016 [Pages:] 240-254
Verlag: 
The Bucharest University of Economic Studies, Bucharest
Zusammenfassung: 
This paper contributes to the empirical literature on convergence by applying convergence model to components of government expenditures (by function) in EU15 during 1995-2010, using the data from United Nations Statistics Division. Moreover, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by estimating spatial autocorrelation (SAC) model for each component of government expenditures. This approach is important in that it provides more efficient coefficients, and offers policy-makers useful information regarding fiscal policies determinants that are attributable to other countries. We find that spatial aspects play an important role for Defence, Health and Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in 5 years.
Schlagwörter: 
convergence
government expenditure by functions
spatial econometrics
JEL: 
C23
H1
H5
O47
Creative-Commons-Lizenz: 
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Dokumentart: 
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