Government Expenditure and Economic Growth in the European Union: the Role of Government Expenditure Classification

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094846" target="_blank" >RIV/61989100:27510/15:86094846 - 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
Government Expenditure and Economic Growth in the European Union: the Role of Government Expenditure Classification
Original language description
There are no doubts nowadays that the amount of government spending may affect economic growth significantly. Economic theory distinguishes between different categories of spending, showing their different effects on growth. For sustainable long-term economic growth only certain types of expenditures are suitable. In this paper, we show that traditional classification of spending on so called productive and unproductive part is not accurate. Using the data for EU countries in the period 1995-2012, we show that only expenditure on collective services (e.g. defence, economic affairs, housing and community amenities and including all of expenditure on R&D) promotes sustainable long-term economic growth, while expenditure on individual services (e.g. health, education and social security without their part on R&D) has negative impact on growth.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment
ISBN
978-9963-711-37-6
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
1037-1047
Publisher name
EuroMed Press
Place of publication
[Norsko]
Event location
Verona
Event date
Sep 16, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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