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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.

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Bibliographic Info

Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): 5 (2008)
Issue (Month): 2 (June)
Pages: 99-120

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Handle: RePEc:rjr:romjef:v:5:y:2008:i:2:p:99-120

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Keywords: economic growth; public spending; government policies;

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Cited by:
  1. 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.
  2. Kunze, Lars, 2010. "Capital taxation, long-run growth, and bequests," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1067-1082, December.
  3. 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.

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