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Public Investments, Determinants Of Economic Development

Author

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  • Andreea Semenescu

    (Academy of Economic Studies, Bucharest)

Abstract

Economic growth and its determinants are very important issues for economic practice and literature. This study shows the effect of public investments on economic growth for a sample of European countries and aims at providing solution for improving the allocation of public funds for investments. The effect of corruption on economic growth through public investments is also analysed. The results demonstrate that public investments in infrastructure and in education lead to reducing national disparities, the later representing a potential optimal destination of European public funds.

Suggested Citation

  • Andreea Semenescu, 2008. "Public Investments, Determinants Of Economic Development," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(528)(s), pages 100-106, November.
    • Handle: RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:100-106
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