The composition of government expenditures and economic growth in Bolivia
AbstractThis paper analyzes the relationship between economic growth and productivity to budget share ratios of government expenditures in Bolivia since 1940. Government expenditures are classified according to their functional and economic characteristics and place of origin. The results indicate that defense expenditures, decentralized expenditures (local or regional), and expenditures in Santa Cruz Department represent the best ways for government to boost the country's growth. Expenditures on additional areas, such as education, and in other promising departments, such as Beni and Oruro, have the potential for generating significant growth and should be considered areas for possible government intervention.
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Bibliographic InfoArticle provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Latin American Journal of Economics-formerly Cuadernos de Economia.
Volume (Year): 50 (2013)
Issue (Month): 1 (May)
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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