Ferreiro, Jesus; Garcia-Del-Valle, M. Teresa; Gomez, Carmen - In: Journal of Post Keynesian Economics 31 (2009) 3, pp. 459-484
The literature on fiscal policy is paying increasing attention to the impact of the composition of public expenditures on long-term economic growth. Public policy endogenous growth models recommend to change the composition of public expenditures to items considered as productive expenditures....