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The Role of Public Spending in the Growth Theory Evolution

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  • Minea, Alexandru

    (LEO, Faculté de Droit, d’Economie et de Gestion, Rue de Blois – B.P. 6739, 45067 Orléans Cedex 2, France; CRP Tudor and STATEC, Luxemburg)

Abstract

We propose in this paper a survey over the evolution of growth theory with respect to public spending. Building on evidence from neoclassical growth models, we emphasize growth effects of public spending in the endogenous growth literature, and particularly in the Barro (1990) model with productive public spending. A final section proposes a discussion on what fundamentally changed the introduction of productive public spending in the growth theory, as well as on some future research paths.

Suggested Citation

  • Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    • Handle: RePEc:rjr:romjef:v:5:y:2008:i:2:p:99-120
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    Cited by:

    1. Lars Kunze, 2009. "Capital Taxation, Long-run Growth, and Bequests," Ruhr Economic Papers 0113, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    2. Ana-Petrina Stanciu, 2011. "Analysis of Public Expenditure in Romania During 1995-2009," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(4), pages 295-304.
    3. Alexey Balaev, 2019. "The structure of public spending and economic growth in Russia," Russian Journal of Economics, ARPHA Platform, vol. 5(2), pages 154-176, July.
    4. Kunze, Lars, 2010. "Capital taxation, long-run growth, and bequests," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1067-1082, December.
    5. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Influence Of Fiscal Regimes," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 146-160, December.
    6. repec:zbw:rwirep:0113 is not listed on IDEAS
    7. Balaev, Alexey (Балаев, Алексей), 2018. "The Impact of Public Expenditure Structure on Economic Growth in Russia [Влияние Структуры Бюджетных Расходов На Экономический Рост В России]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 8-35, December.
    8. Ana-Petrina Păun & Petre Brezeanu, 2013. "Identifying the Parameters of the Mathematical Expenditure System Model," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 231-250.

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    Keywords

    economic growth; public spending; government policies;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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