inequality, not particularly because of the impact of income inequality on long-term growth (which is a controversial issue), but … public finance structures and different levels of effectiveness and there is room for improvement in the growth and equality … what is suggested in the literature. Better fiscal rules and good fiscal institutions are needed to safeguard growth- and …

This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of … the specific categories of public expenditures and economic growth, captured in human capital formation, defense … economic growth is much higher than that of the other macro variables. Data for the study was drawn from the International …