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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

37-47

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostravice

Datum konání akce

12. 12. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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