The Impact of Productive and Unproductive Government Expenditure on Economic Growth in OECD Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86088237" target="_blank" >RIV/61989100:27510/13:86088237 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Impact of Productive and Unproductive Government Expenditure on Economic Growth in OECD Countries
Original language description
The aim of this article is to support or refute the hypothesis of the existence of a positive relationship between productive government spending and economic growth, or the hypothesis of a negative relationship between unproductive government spending and economic growth in OECD countries. The analysis is based on the neoclassical growth model extended by human capital and the structure of government spending. Government expenditures are examined according to their functional classification (COFOG). Econometric analysis is carried out by a panel regression based on annual time series for the period 2000-2011. The results of empirical analysis show the negative relationship of unproductive government spending and economic growth. A positive relationship has been confirmed between productive government spending and economic growth only in the case of spending on defence and public order and safety.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]
ISBN
978-80-248-3133-6
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
37-47
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostravice
Event date
Dec 12, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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