Public expenditure and growth: the Indian case

Artikel

The paper deals with the relationship between public spending and growth as well as the dynamics of the ratio of public debt to GDP. The authors show that a composition of public spending that favors productive expenditures, that is, those with a direct positive effect on the economy's long-run rate of growth, can determine a situation in which the ratio of public debt to GDP is stable, even though the government runs primary deficits. We test our theoretical results by considering the Indian case. Our empirical analysis substantially supports the idea that the dynamics of the economy as well as of the public-debt ratio are contingent on having a public sector that favors productive expenditures.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 18 ; Year: 2021 ; Issue: 1 ; Pages: 77-101

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policies and Behavior of Economic Agents: General ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; National Budget, Deficit, and Debt: General
• Thema: public expenditure ; growth ; public debt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hakhu, A. Bhatt ; Sardoni, Claudio
• Ereignis: Veröffentlichung
• (wer): Edward Elgar Publishing
• (wo): Cheltenham
• (wann): 2021

Weitere Informationen

• DOI: doi:10.4337/ejeep.2020.0068
• Handle: http://hdl.handle.net/10419/277500
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ