inequality. An estimated baseline convergence model captures the long-term effect of human capital and total investment on … certain public spending items (public investment and education) boost potential growth, while others (pensions and public …

This paper investigates the impact of public social spending, government investment and government consumption spending …, government investment and government consumption spending have no significant effect on economic growth. This could be attributed … to high tax rates and unemployment benefit programs that offset any increased productivity due to government spending in …

volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically …