Productive Government Expenditure and Economic Growth

Arbeitspapier

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study of their respective Euler equations. We argue that the existing literature incorporates many relevant aspects, however, policy recommen- dations tend to hinge on several knife-edge assumptions. Therefore, future research ought to focus more on idea-based endogenous growth models to check the robustness of policy recommendations. Moreover, the inclusion of hitherto unexplored types of government expenditure, e. g., on the "rule of law", would be desirable.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper Series ; No. 464

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; Structure and Scope of Government: General ; Taxation and Subsidies: Efficiency; Optimal Taxation ; Public Goods ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; One, Two, and Multisector Growth Models
• Thema: Economic Growth ; Government Expenditure ; Public Goods ; Fiscal Policy ; Öffentliche Ausgaben ; Öffentliche Güter ; Produktivität ; Endogenes Wachstumsmodell ; Finanzpolitik ; Politikberatung ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Irmen, Andreas ; Kühnel, Johanna
• Ereignis: Veröffentlichung
• (wer): University of Heidelberg, Department of Economics
• (wo): Heidelberg
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/127284
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ