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Fiscal policy and economic growth: European Union experience

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Author Info

  • Soledad Castano Martinez
  • Yolanda Fernandez Jurado
  • Carlos Martinez De Ibarreta Zorita
  • Antonio Rua Vieites
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    Abstract

    Traditionally, economists have been concerned over factors that improve economic growth, initially introducing physical capital and later human capital. We will consider a new factor, social capital. Also, we will introduce in this paper the effect of the fiscal policy on economic growth. In addition, we will analyse the effects that the use of fiscal policy has on economic growth. Concretely, we will study public capital, which if it introduces production factors, as well as physical capital, human capital and social capital, could influence economic growth. Finally, we will realise an econometric estimation to analyse the effects of these production factors on economic growth using data for European countries before amplification for the period 1982–2000.

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    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Public Policy.

    Volume (Year): 1 (2006)
    Issue (Month): 3 ()
    Pages: 244-257

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    Handle: RePEc:ids:ijpubp:v:1:y:2006:i:3:p:244-257

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    Web page: http://www.inderscience.com/browse/index.php?journalID=97

    Related research

    Keywords: economic growth; fiscal policy; human capital; public capital; social capital; European Union; physical capital; production factors.;

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