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Optimal size of governments and the optimal ratio between current and capital expenditure

In: A Handbook of Alternative Theories of Public Economics

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  • Francesco Forte
  • Cosimo Magazzino

Abstract

This comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views. The book takes a comprehensive interdisciplinary approach, drawing on economic elements in the fields of philosophy, sociology, psychology, history and law.

Suggested Citation

  • Francesco Forte & Cosimo Magazzino, 2014. "Optimal size of governments and the optimal ratio between current and capital expenditure," Chapters, in: Francesco Forte & Ram Mudambi & Pietro Maria Navarra (ed.), A Handbook of Alternative Theories of Public Economics, chapter 15, pages 342-367, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14898_15
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    References listed on IDEAS

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    1. Checherita-Westphal, Cristina & Rother, Philipp, 2010. "The impact of high and growing government debt on economic growth: an empirical investigation for the euro area," Working Paper Series 1237, European Central Bank.
    2. William R. DiPeitro & Emmanuel Anoruo, 2012. "Government size, public debt and real economic growth: a panel analysis," Journal of Economic Studies, Emerald Group Publishing, vol. 39(4), pages 410-419, December.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    4. Gupta, Sanjeev & Clements, Benedict & Baldacci, Emanuele & Mulas-Granados, Carlos, 2005. "Fiscal policy, expenditure composition, and growth in low-income countries," Journal of International Money and Finance, Elsevier, vol. 24(3), pages 441-463, April.
    5. Bavetta,Sebastiano & Navarra,Pietro, 2012. "The Economics of Freedom," Cambridge Books, Cambridge University Press, number 9781107017849, January.
    6. Alberto Alesina & Silvia Ardagna, 2010. "Large Changes in Fiscal Policy: Taxes versus Spending," NBER Chapters, in: Tax Policy and the Economy, Volume 24, pages 35-68, National Bureau of Economic Research, Inc.
    7. Devarajan, Shantayanan & Swaroop, Vinaya & Heng-fu, Zou, 1996. "The composition of public expenditure and economic growth," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 313-344, April.
    8. William R. DiPeitro & Emmanuel Anoruo, 2012. "Government size, public debt and real economic growth: a panel analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 39(4), pages 410-419, August.
    9. Carsten Colombier, 2011. "Does the composition of public expenditure affect economic growth? Evidence from the Swiss case," Applied Economics Letters, Taylor & Francis Journals, vol. 18(16), pages 1583-1589.
    10. Giavazzi, Francesco & Alesina, Alberto & Favero, Carlo A., 2012. "The output effect of fiscal consolidations," CEPR Discussion Papers 9105, C.E.P.R. Discussion Papers.
    11. Jaejoon Woo & Manmohan S. Kumar, 2015. "Public Debt and Growth," Economica, London School of Economics and Political Science, vol. 82(328), pages 705-739, October.
    12. Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2011. "The real effects of debt," BIS Working Papers 352, Bank for International Settlements.
    13. Salvador Barrios & Sven Langedijk & Lucio Pench, 2010. "EU fiscal consolidation after the financial crisis. Lessons from past experiences," European Economy - Economic Papers 2008 - 2015 418, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    14. Fabrizio Balassone & Maura Francese & Angelo Pace, 2011. "Public Debt and Economic Growth in Italy," Quaderni di storia economica (Economic History Working Papers) 11, Bank of Italy, Economic Research and International Relations Area.
    15. Andros Gregoriou & Sugata Ghosh, 2009. "The Impact Of Government Expenditure On Growth: Empirical Evidence From A Heterogeneous Panel," Bulletin of Economic Research, Wiley Blackwell, vol. 61(1), pages 95-102, January.
    16. Magazzino, Cosimo, 2012. "Wagner versus Keynes: Public spending and national income in Italy," Journal of Policy Modeling, Elsevier, vol. 34(6), pages 890-905.
    17. Niloy Bose & M. Emranul Haque & Denise R. Osborn, 2007. "Public Expenditure And Economic Growth: A Disaggregated Analysis For Developing Countries," Manchester School, University of Manchester, vol. 75(5), pages 533-556, September.
    18. Francesco Forte & Cosimo Magazzino, 2011. "Optimal Size Government and Economic Growth in EU Countries," Economia politica, Società editrice il Mulino, issue 3, pages 295-322.
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    Cited by:

    1. Gordon Brady, 2015. "Austerity in the European Union: Keynesian Stimulus versus Fiscal Consolidation," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 43(1), pages 55-65, March.
    2. Forte Francesco, 2018. "Röpke and Einaudi: from the Civitas of Persons to the Idea of Europe," Journal for Markets and Ethics, Sciendo, vol. 6(1), pages 1-10, June.

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