FISCAL SPENDING AND ECONOMIC GROWTH

Deockhyun Ryu ()
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Deockhyun Ryu: Chung-Ang University, Korea

Journal of Economic Development, 2015, vol. 40, issue 4, 91-105

Abstract: This study aims at providing both a theoretical survey and an empirical analysis of the effect of government spending on economic growth. There have been numerous debates regarding how government spending affects economic growth at various levels and via different paths. We can categorize fiscal spending by either function or nature. This study examines the effects of fiscal spending of various functional categories and groups thereof. From the empirical analyses we find evidence that an excessive fiscal spending in infrastructure area may negatively affect future economic growth.

Keywords: Fiscal Spending; Functional Expenditure; SOC Expenditure; Non-Linear Economic Growth Path (search for similar items in EconPapers)
JEL-codes: E6 H0 H1 H5 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:40:y:2015:i:4:p:91-105

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