Morozumi, Atsuyoshi; Veiga, Francisco José - Núcleo de Investigação em Políticas Económicas … - 2014
This paper examines the role of institutions in the nexus between public spending and economic growth. Using a newly … significantly promote growth, especially when financed by a fall in current spending or by increased revenues. Meanwhile, a rise in … current spending does not show robust growth-promoting potential, regardless of the level of government accountability. Our …