On the heterogeneous impact of public capital and current spending on growth across nations

Andros Gregoriou and Sugata Ghosh

Economics Letters, 2009, vol. 105, issue 1, pages 32-35

Abstract: This paper captures the heterogeneous impact on growth, of public capital and current spending, for 15 developing countries. Using the GMM system panel estimator, we show that countries with substantial public capital (current) spending have strong negative (positive) growth effects.

Keywords: Public; capital; and; current; spending; Economic; growth; Heterogeneous; panel; GMM; system; estimator (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:1:p:32-35

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