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Inflation versus Public Expenditure Growth in the U.S : An Empirical Investigation
Ezirim, Chinedu; Muoghalu, Michael; Elike, Uchenna - 2010
This paper investigates the relationship between public expenditure growth and inflation in the United States of America using the co-integration analysis and Granger Causality Model applied to Time Series Annual Data from 1970-2002. The results indicate that public expenditure and inflation are...
Persistent link: https://www.econbiz.de/10014199054
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Rationalising Public Expenditure in the Slovak Republic
Gonenc, Rauf; Walkenhorst, Peter - 2008
Over the past decade, public expenditure in Slovakia was characterised by substantial social transfers and high public sector wage expenses. This paper analyses the main features of Slovakia's public expenditure system, reviews expenditure trends, and discusses recent reform initiatives. The...
Persistent link: https://www.econbiz.de/10014215708
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Impact of government expenditure on economic growth in different states in South Africa
Buthelezi, Eugene Msizi - In: Cogent economics & finance 11 (2023) 1, pp. 1-17
This paper investigates the impact of long-run government expenditure and economic growth in different states in South Africa. Economic growth has been below the policy target of 5% stipulated in the National Development Plan Vision 2030, while government expenditure growth has been volatile but...
Persistent link: https://www.econbiz.de/10014500814
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Long-run effects of austerity
Martins, Guilherme Klein - 2022
This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding...
Persistent link: https://www.econbiz.de/10014229776
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Does legislative turnover adversely affect state expenditure policy? Evidence from Indian state elections
Uppal, Yogesh - Volkswirtschaftliche Fakultät, … - 2009
I examine the effect of legislative turnover on the size and composition of government expenditures in Indian state elections during 1980-2000. The paper finds that excessive turnover in Indian state elections results in an inefficient government expenditure policy. First, the higher the...
Persistent link: https://www.econbiz.de/10004980416
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Public spending and Wagner’s law in Central and Eastern European Countries
Szarowska, Irena - Volkswirtschaftliche Fakultät, … - 2012
This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995–2009. We analyzed annual data on government spending in compliance with the COFOG...
Persistent link: https://www.econbiz.de/10011109568
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Development and the cyclicality of government spending in the Czech Republic
Szarowska, Irena - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to provide direct empirical evidence on business cycle relations between GDP and government spending in the Czech Republic. Government spending plays an important role in a fiscal policy as a possible automatic stabilizer. We analyzed annual data on government spending in...
Persistent link: https://www.econbiz.de/10011112440
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Myths and Facts about Fiscal Discretion: A New Measure of Discretionary Expenditure
Coricelli, Fabrizio; Fiorito, Riccardo - HAL - 2013
-2011. To identify the components of discretionary expenditure, we use the volatility and persistence properties of the …
Persistent link: https://www.econbiz.de/10011025677
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Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
Gong, Liutang; Zou, Heng-fu - China Economics and Management Academy, Central … - 2011
This paper sets up a theoretical model linking the growth rate of the economy to the growth rate and volatility of … different government expenditures. On a theoretical basis, it is found that volatility in government spending can be positively … seems to have a negative effect on output growth. It is also very interesting to find that the rises in the volatility in …
Persistent link: https://www.econbiz.de/10009274608
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Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
Gong, Liutang; Zou, Heng-fu - In: Annals of Economics and Finance 3 (2002) 2, pp. 379-406
This paper sets up a theoretical model linking the growth rate of the economy to the growth rate and volatility of … different government expenditures. On a theoretical basis, it is found that volatility in government spending can be positively … seems to have a negative effect on output growth. It is also very interesting to find that the rises in the volatility in …
Persistent link: https://www.econbiz.de/10009150750