DHONT, T.; HEYLEN, F. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2004
productive government expenditures on employment and long-run growth. Our theoretical model builds on Barro (JPE, 1990) which we … basically observe in the data: (i) higher growth and employment in the US (low taxes and low transfers related to structural non-employment …), (ii) higher growth and employment in Scandinavia (high taxes, but high productive expenditures and low transfers related …