Public Expenditure and Economic Growth: Further Evidence for the European Union

被引：0

作者：

Sosvilla-Rivero, Simon ^{[1
]}

Ramos-Herrera, Maria del Carmen ^{[2
]}

Rubio-Guerrero, Juan J. ^{[3
]}

机构：

[1] Univ Complutense Madrid, Complutense Inst Econ Anal, Madrid 28223, Madrid, Spain

[2] Univ Alcala, Dept Econ, Alcala De Henares 28801, Madrid, Spain

[3] Univ Castilla La Mancha, Dept Appl Econ, Ciudad Real 02071, Castilla La Man, Spain

来源：

ECONOMIES | 2025年 / 13卷 / 03期

关键词：

public expenditure; economic growth; ARDL data panel methods; productive and unproductive expenditure; European Union countries; C23; F15; H50; O47; O52; GOVERNMENT EXPENDITURE; FISCAL-POLICY; ROOT TESTS; PANEL-DATA; MILITARY EXPENDITURE; EMPIRICAL-ANALYSIS; NEXT-GENERATION; CROSS-SECTION; INVESTMENT; COINTEGRATION;

D O I：

10.3390/economies13030060

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页数：25

共 111 条

[1] Government size, composition, volatility and economic growth
Afonso, Antonio
Furceri, Davide
[J]. EUROPEAN JOURNAL OF POLITICAL ECONOMY, 2010, 26 (04) : 517 - 532
[2] The Role of Public Expenditure and Employment Opportunity to Stimulate the Development of an Economy: Reference from PMG-ARDL Model
Agarwalla, Megha
Sahu, Tarak Nath
[J]. GLOBAL BUSINESS REVIEW, 2025,
[3] ON BUDGETARY POLICIES, GROWTH, AND EXTERNAL DEFICITS IN AN INTERDEPENDENT WORLD
ALOGOSKOUFIS, GS
VANDERPLOEG, F
[J]. JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 1991, 5 (04) : 305 - 324
[4] Military expenditure and economic growth: A meta-analysis
Alptekin, Aynur
Levine, Paul
[J]. EUROPEAN JOURNAL OF POLITICAL ECONOMY, 2012, 28 (04) : 636 - 650
[5] ARROW K.J., 1970, PUBLIC INVESTMENT RA
[6] IS PUBLIC-EXPENDITURE PRODUCTIVE
ASCHAUER, DA
[J]. JOURNAL OF MONETARY ECONOMICS, 1989, 23 (02) : 177 - 200
[7] Asteriou D., 2004, Journal of Applied Economics, V7, P27, DOI [10.1080/15140326.2004.12040602, DOI 10.1080/15140326.2004.12040602]
[8] Aulie F., 2023, Did COVID-19 accelerate the green transition?: An international assessment of fiscal spending measures to support low-carbon technologies (OECD Science, Technology and Industry Policy Paper 151)
[9] Bakowski K., 2024, Four years into NextGenerationEU: What impact on the euro area economy? (Occasional Paper 362)
[10] Baltagi B. H., 2008, Econometric Analysis of Panel Data, VFourth

← 1 2 3 4 5 6 7 8 9 10 →