IDEAS home Printed from https://ideas.repec.org/a/hrs/journl/vxiy2019i1p95-105.html
   My bibliography  Save this article

Government Expenditures Composition And Growth In Eu15: A Dynamic Heterogeneous Approach

Author

Listed:
  • Lena MALE?EVI? PEROVI?

    (Associate professor University of Split, Faculty of Economics, Business and Tourism, CERGE EI Teaching Fellow Cvite Fiskovi?a 5, 21000 Split, Croatia, Tel: + 385 21 430 683, Fax: + 385 21 430 701)

  • Silvia GOLEM

    (Associate professor University of Split, Faculty of Economics, Business and Tourism, Cvite Fiskovi?a 5, 21000 Split, Croatia, Tel: + 385 21 430 673, Fax: + 385 21 430 701)

Abstract

The goal of this paper is to investigate the long-run effect of government size and composition on growth in EU15 countries during 1995-2014. Unlike previous studies, this paper employs a more adequate and sophisticated econometric technique which allows the joint occurrence of dynamics and parameter heterogeneity as well as addresses the problem of unobserved common factors. The obtained results indicate that high aggregate spending levels are an impediment for growth in developed economies, while the single most important government expenditure item is education. In quantitative terms the impact of education expenditures is, however, significantly lower than that found by other papers.

Suggested Citation

  • Lena MALE?EVI? PEROVI? & Silvia GOLEM, 2019. "Government Expenditures Composition And Growth In Eu15: A Dynamic Heterogeneous Approach," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 95-105, June.
    • Handle: RePEc:hrs:journl:v:xi:y:2019:i:1:p:95-105
    as

    Download full text from publisher

    File URL: http://www.rsijournal.eu/ARTICLES/June_2019/9.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Filipos RUXHO & Christos Ap. LADIAS, 2022. "The Logistic Drivers As A Powerful Performance Indicator In The Development Of Regional Companies Of Kosovo," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 95-106, June.
    2. Filipos RUXHO & Christos Ap. LADIAS, 2022. "Increasing Funding For The Regional Industry Of Kosovo And The Impact On Economic Growth," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 117-126, June.
    3. Veacheslav SHEBANIN & Iurii KORMYSHKIN & Alona KLIUCHNYK & Iryna ALLAKHVERDIYEVA & Valentyna UMANSKA, 2022. "Tools Of Formation Of The System Of Socio-Economic Security Of Territorial Communities Of The Region," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 127-136, June.

    More about this item

    Keywords

    government size; expenditures composition; GDP growth; heterogeneity; unobserved common effects; EU15;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • H1 - Public Economics - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hrs:journl:v:xi:y:2019:i:1:p:95-105. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dimitrios K. Kouzas (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.