The Role of Public Spending in the Growth Theory Evolution

Alexandru Minea

Journal for Economic Forecasting, 2008, vol. 5, issue 2, 99-120

Abstract: We propose in this paper a survey over the evolution of growth theory with respect to public spending. Building on evidence from neoclassical growth models, we emphasize growth effects of public spending in the endogenous growth literature, and particularly in the Barro (1990) model with productive public spending. A final section proposes a discussion on what fundamentally changed the introduction of productive public spending in the growth theory, as well as on some future research paths.

Keywords: economic growth; public spending; government policies (search for similar items in EconPapers)
JEL-codes: E62 H11 H54 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:5:y:2008:i:2:p:99-120

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