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Day of reckoning : output losses from fiscal stabilizations
Ferraro, Domenico; Peretto, Pietro F. - 2018
context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …
Persistent link: https://www.econbiz.de/10012125472
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Government Expenditure and Economic Growth in the EU : Long-Run Tendencies and Short-Term Adjustment
Arpaia, Alfonso - 2008
This paper analyses both the long and the short-run relation between government expenditure and potential output in EU countries by means of pooled mean group estimation (Pesaran, Shin, and Smith (1999)). Results show that, over a sample comprising EU-15 countries over the 1970-2003 period, it...
Persistent link: https://www.econbiz.de/10012725419
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Increasing Public Expenditures : Wagner's Law in OECD Countries
Zaghini, Andrea - 2009
growth in 23 OECD countries. The empirical evidence provides indication of a structural positive correlation between public …
Persistent link: https://www.econbiz.de/10012766462
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Relevance of Wagner's hypothesis in achieving sustainable development agenda in Nigeria
Oseni, Isiaq O.; Adekunle, Ibrahim A. - 2020
Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth … sustainable economic growth in Nigeria. This paper examines the validity or otherwise of Wagner's theory in Nigeria for the … expenditure in order to realise sustainable growth in Nigeria. …
Persistent link: https://www.econbiz.de/10012165290
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Reconsidering Wagner's Law : Evidence from the Functions of the Government
Afonso, António - 2016
proportionately to economic growth, and for France that is the case of spending in housing and community amenities. In addition …, Greece is the only country where two public spending items react more than one to one to growth …
Persistent link: https://www.econbiz.de/10012995479
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Government Expenditure and Economic Growth in the EU : Long-Run Tendencies and Short-Term Adjustment
Arpaia, Alfonso - 2012
-term perspective, it improves the understanding of the links between output growth and public finances sustainability. Over a medium …
Persistent link: https://www.econbiz.de/10013110765
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The democracy and economic growth nexus : do FDI and government spending matter? : evidence from the Arab world
Bougharriou, Nouha; Benayed, Walid; Gabsi, Foued Badr - 2019
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …–2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011983284
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The democracy and economic growth nexus : do FDI and government spending matter? : evidence from the Arab world
Bougharriou, Nouha; Benayed, Walid; Gabsi, Foued Badr - 2018
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …-2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011793219
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Political budget cycles in the European Union and the impact of political pressures : a dynamic panel regression analysis
Efthyvoulou, Georgios - 2010
This paper investigates the presence of political budget cycles (PBCs) in the European Union using a data set encompassing all 27 current member states over the period 1997-2008, and analyzes what may explain their variability across countries and over time. Conditioning on partisan...
Persistent link: https://www.econbiz.de/10003920014
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Political connections, allocation of stimulus spending, and the jobs multiplier
Choi, Joonkyu; Penciakova, Veronika; Saffie, Felipe - 2021
Using American Recovery and Reinvestment Act (ARRA) data, we show that firms lever their political connections to win stimulus grants and that public expenditure channeled through politically connected firms hinders job creation. We build a unique database that links information on campaign...
Persistent link: https://www.econbiz.de/10012515630