Araştırma Makalesi

Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries

Cilt: 6 Sayı: 4 12 Nisan 2018
PDF İndir
TR EN

Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries

Abstract

This paper assess how the government expenditures affected economic growth in developed, developing and underdeveloped countries by using the unbalanced panel approach for the period of 1980-2012. The results indicate that government spending has positive significant impact on economic growth in fixed and random effect models for underdeveloped countries, while for developed countries there is a significant negative relationship between government expenditure and economic growth in both fixed and random effect models. For the developing countries government spending has negative significant impact on economic growth in case of fixed effect model, while for the random effect model, there is positive and insignificant relationship of government spending to economic growth.   

Keywords

Kaynakça

  1. Akitoby, B., Clements, B., Gupta, S., & Inchauste, G. (2006). Public Spending, Voracity, Wagner's Law in Developing Countries. European Journal of Political Economy, 22, 908-924.
  2. Alesina, A., Ardagna, S., Perotti, R., & Schiantarelli, F. (1999). Fiscal Policy, Profits, And Investments. Working Paper, 7207.
  3. Alexiou, C. (2009). Government Spending and Economic Growth: Econometric Evidence from the Southern Eastern Europe. Journal of Economic and Social Research, 11, 1-16.
  4. Arpaia, A., & Turrini, A. (2008). Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short Term Adjustment. Economic and Financial Affairs, 1-52.
  5. Bader, S. A., & Abu-Qarn, A. S. (2012). Government expenditures, Military Spending, and Economic Growth: Causality Evidence from Egypt, Israel and Syria. Working paper, 1-25.
  6. Baldacci, E., Gupta, S., & Granados, C. M. (2013). Debt Reduction, Fiscal Adjustment, and Growth in Credit Constrained Economies. IMF Working Paper, WP/13/238.
  7. Barro, R. J. (1990). Government Spending in a Simple Endogenous Growth Model. Journal of Political Economy, 98, 103-125.
  8. Barro, R. J. (1996). Democracy and Growth. Journal of Economic Growth, 1, 1-27.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Ensar Ağırman *
ATATÜRK ÜNİVERSİTESİ
Türkiye

Ömer Yılmaz
ATATÜRK ÜNİVERSİTESİ
Türkiye

Yayımlanma Tarihi

12 Nisan 2018

Gönderilme Tarihi

31 Ocak 2018

Kabul Tarihi

11 Şubat 2018

Yayımlandığı Sayı

Yıl 2018 Cilt: 6 Sayı: 4

Kaynak Göster

APA
Ağırman, E., & Yılmaz, Ö. (2018). Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 6(4), 519-529. https://doi.org/10.18506/anemon.385016

Cited By

Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı (CC BY NC) ile lisanslanmıştır.