The paper examines public expenditures and their effects on economic growth. For that purpose we choose four categories of expenditures, defence, infrastructure, human capital and R & D expenditures. Behind these expenditures stands, in socio-political consideration, a certain notion of the...

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...

This paper focuses on the impact of fiscal decentralization on the efficiency of fiscal resources at the regional level that will improve the probability of Indonesia avoiding the middle-income trap. From a development standpoint, the implementation of decentralization is not only aimed at...