Public expenditures and growth

Trish Kelly

Journal of Development Studies, 1997, vol. 34, issue 1, 60-84

Abstract: The article explores the effects of public expenditures on growth among 73 countries over the 1970-89 period. While much of the literature attributes weak growth to public investment and social expenditures which inhibit growth through crowding-out and rent-seeking, the article highlights the contributions that public investment and social expenditures may make to growth. The article's econometric analysis suggests that crowding-out and rent-seeking concerns may have been overstated in the literature.

Date: 1997
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DOI: 10.1080/00220389708422503

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