Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/242203 
Year of Publication: 
2019
Citation: 
[Journal:] International Journal of Business and Economic Sciences Applied Research (IJBESAR) [ISSN:] 2408-0101 [Volume:] 12 [Issue:] 1 [Publisher:] Eastern Macedonia and Thrace Institute of Technology [Place:] Kavala [Year:] 2019 [Pages:] 50-63
Publisher: 
Eastern Macedonia and Thrace Institute of Technology, Kavala
Abstract: 
Purpose: This article studies the effects of public expenditure on economic growth in Latin America countries (LAC), especially the role played by foreign aid and public and private investment Design/methodology/approach Granger causality approach and Fixed effect method. Findings: There is bidirectional causality between investment climate improvement, domestic investment and economic growth. Also, private investment, population growth rate, investment climate improvement and corruption reduction lead these countries economic growth. Research limitations/implications: In these countries, to manage economic growth governments have to pay attention on population growth rate , level of corruption, domestic and private investment Originality/value: There are numerous studies regarding the impact of public spending on economic growth, but this study focus on developing countries especially on one area which is Latin America Countries. Also, it shows that ,additionally to private investment ,domestic investment, population growth rate and corruption are economic growth determinants in this area.
Subjects: 
Public spending
Panel fixed effect
Panel causality test
JEL: 
H52
H54
O47
O54
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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