Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184487 
Year of Publication: 
2014
Citation: 
[Journal:] DANUBE: Law, Economics and Social Issues Review [ISSN:] 1804-8285 [Volume:] 5 [Issue:] 4 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2014 [Pages:] 287-296
Publisher: 
De Gruyter, Warsaw
Abstract: 
The aim of this paper is to examine the effects of government expenditures on long-run economic growth in developed countries using their different breakdown. Empirical analysis is performed for a panel of 34 OECD countries in the period 2000-2012. Above all, the results support the idea that conclusions of previous studies on this topic may be strongly distorted by inappropriate classification of expenditures, typically in the case of expenditures on education and health. These are usually considered productive and thus growth enhancing, but if their part of R&D expenditures is detached, their effect on growth is in fact negative. In general, it is concluded that government expenditures on individual services have negative effects on growth, while the impact of expenditures on collective services is positive.
Subjects: 
Government Expenditures
Economic Growth
Collective Services
Individual Services
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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