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

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

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

1037-1047

Název nakladatele

EuroMed Press

Místo vydání

[Norsko]

Místo konání akce

Verona

Datum konání akce

16. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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