Does government spending boost economic growth in Europe?
The article aims to analyse the evolution of budgetary expenditures and their relationship with economic growth, especially in the EU countries and three non-EU countries - Switzerland, Norway and Iceland during 1991 - 2012. To test the link between government spending and economic growth the resear...
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ftdoajarticles:oai:doaj.org/article:669fd0c15d6f4d43a3e3e1fb78a37650 2023-05-15T16:49:20+02:00 Does government spending boost economic growth in Europe? Florin Teodor BOLDEANU Răzvan IALOMIŢIANU 2016-07-01T00:00:00Z https://doaj.org/article/669fd0c15d6f4d43a3e3e1fb78a37650 EN eng Transilvania University Press http://webbut.unitbv.ro/Bulletin/Series%20V/2016/BULETIN%20I%20PDF/24_Boldeanu.pdf https://doaj.org/toc/2065-2194 2065-2194 https://doaj.org/article/669fd0c15d6f4d43a3e3e1fb78a37650 Bulletin of the Transilvania University of Brasov. Series V : Economic Sciences, Vol 9(58), Iss 1, Pp 213-228 (2016) economic growth COFOG economic crisis public spending panel data GMM Economic theory. Demography HB1-3840 Economics as a science HB71-74 article 2016 ftdoajarticles 2022-12-31T00:31:19Z The article aims to analyse the evolution of budgetary expenditures and their relationship with economic growth, especially in the EU countries and three non-EU countries - Switzerland, Norway and Iceland during 1991 - 2012. To test the link between government spending and economic growth the research used the United Nation Classification of the Functions of Government and three econometrical regression methods – ordinary least square, least squares dummy variable and the generalized method of moments. Statistical results for the 10 categories of expenditure have shown that economic affairs, environmental protection, recreation, culture and religion and social protection have a significant impact on economic growth. Also the recent economic crisis and the EU accession influenced the variation of GDP/capita. Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles Norway |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
economic growth COFOG economic crisis public spending panel data GMM Economic theory. Demography HB1-3840 Economics as a science HB71-74 |
spellingShingle |
economic growth COFOG economic crisis public spending panel data GMM Economic theory. Demography HB1-3840 Economics as a science HB71-74 Florin Teodor BOLDEANU Răzvan IALOMIŢIANU Does government spending boost economic growth in Europe? |
topic_facet |
economic growth COFOG economic crisis public spending panel data GMM Economic theory. Demography HB1-3840 Economics as a science HB71-74 |
description |
The article aims to analyse the evolution of budgetary expenditures and their relationship with economic growth, especially in the EU countries and three non-EU countries - Switzerland, Norway and Iceland during 1991 - 2012. To test the link between government spending and economic growth the research used the United Nation Classification of the Functions of Government and three econometrical regression methods – ordinary least square, least squares dummy variable and the generalized method of moments. Statistical results for the 10 categories of expenditure have shown that economic affairs, environmental protection, recreation, culture and religion and social protection have a significant impact on economic growth. Also the recent economic crisis and the EU accession influenced the variation of GDP/capita. |
format |
Article in Journal/Newspaper |
author |
Florin Teodor BOLDEANU Răzvan IALOMIŢIANU |
author_facet |
Florin Teodor BOLDEANU Răzvan IALOMIŢIANU |
author_sort |
Florin Teodor BOLDEANU |
title |
Does government spending boost economic growth in Europe? |
title_short |
Does government spending boost economic growth in Europe? |
title_full |
Does government spending boost economic growth in Europe? |
title_fullStr |
Does government spending boost economic growth in Europe? |
title_full_unstemmed |
Does government spending boost economic growth in Europe? |
title_sort |
does government spending boost economic growth in europe? |
publisher |
Transilvania University Press |
publishDate |
2016 |
url |
https://doaj.org/article/669fd0c15d6f4d43a3e3e1fb78a37650 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Bulletin of the Transilvania University of Brasov. Series V : Economic Sciences, Vol 9(58), Iss 1, Pp 213-228 (2016) |
op_relation |
http://webbut.unitbv.ro/Bulletin/Series%20V/2016/BULETIN%20I%20PDF/24_Boldeanu.pdf https://doaj.org/toc/2065-2194 2065-2194 https://doaj.org/article/669fd0c15d6f4d43a3e3e1fb78a37650 |
_version_ |
1766039484259893248 |