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Government spending and economic growth in the OECD countries.
- Source :
-
Journal of Economic Policy Reform . Dec2016, Vol. 19 Issue 4, p386-395. 10p. - Publication Year :
- 2016
-
Abstract
- Using panel data from 1995 to 2011 for 34 OECD countries, we examine the effects of government consumption spending, public social spending, and public investment on economic growth. We use a generalized method of moments estimation technique to solve inconsistency problems with fixed effects and random effects panel estimation. We find that an increase in public social spending has a significant negative effect on subsequent economic growth. Government consumption spending and public investment have no significant effect on subsequent economic growth. [ABSTRACT FROM AUTHOR]
- Subjects :
- *ECONOMIC development
*PUBLIC investments
*CONSUMPTION (Economics)
*PANEL analysis
Subjects
Details
- Language :
- English
- ISSN :
- 17487870
- Volume :
- 19
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Economic Policy Reform
- Publication Type :
- Academic Journal
- Accession number :
- 118988617
- Full Text :
- https://doi.org/10.1080/17487870.2016.1213168