The growth effects of fiscal policy in Greece 1960–2000

Konstantinos Angelopoulos () and Apostolis Philippopoulos ()

Public Choice, 2007, vol. 131, issue 1, 157-175

Abstract: This empirical paper uses annual data for Greece 1960–2000 to study the link between fiscal policy and economic growth. Our regression analysis implies that, although a smaller public sector can be good for growth, it is necessary to look beyond size; the composition and quality/efficiency of the public sector are equally important. The policy lesson is that a smaller government share in GDP, a reallocation of funds away from the wage bill to public investment, and an improvement in government quality/efficiency can become engines of long-term growth. Copyright Springer Science+Business Media, LLC 2007

Keywords: Fiscal policy; Economic growth (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:131:y:2007:i:1:p:157-175

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DOI: 10.1007/s11127-006-9111-3

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