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This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of comprehensive Neo-Schumpeterian economics. Using a fixed-effects model for G20 countries, the paper investigates the links between the specific categories of public expenditures and...
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dynamic productivity-based models are used to motivate the empirical exercise. The candidate determinants include productivity … sectoral productivity differentials is estimated with greater precision as long as homogeneity of parameters is imposed upon … most empirically successful model of the real exchange rate includes sectoral productivity measures in the long run …
Persistent link: https://www.econbiz.de/10012472801
dynamic productivity-based models are used to motivate the empirical exercise. The candidate determinants include productivity … sectoral productivity differentials is estimated with greater precision as long as homogeneity of parameters is imposed upon … most empirically successful model of the real exchange rate includes sectoral productivity measures in the long run …
Persistent link: https://www.econbiz.de/10014158072
by currency weakness and credit downgrades. The study investigated if public debt can influence public investment and … investment. Since there is direct link between investment and economic growth, there is an inverse relationship in the public …
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