Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/329340 
Year of Publication: 
2025
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 13 [Issue:] 3 [Article No.:] 60 [Year:] 2025 [Pages:] 1-25
Publisher: 
MDPI, Basel
Abstract: 
This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995-2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed Lag (ARDL) panel data approach. Our results support the view that different categories of public expenditures have dissimilar long- and short-term effects on the economic performance of EU countries.
Subjects: 
public expenditure
economic growth
ARDL data panel methods
productive and unproductive expenditure
European Union countries
JEL: 
C23
F15
H50
O47
O52
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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