The Impact of Budgetary Expenditures on Economic Growth

Economic debate about the proper size and role of the state is universal, from Adam Smith onwards. However, measurement, evolution and effectiveness of public spending is an empirical question rather delicate because it requires data, that at international level are still insufficient. The same reasons make this problem one of current interes of the economists. Growth remains one of the most intriguing topics in macroeconomics. This growth is influenced by several factors, one of them is very significantly, budget expenditures, by playing an important role in this process.