Government spending and economic growth in the OECD countries

Michael Connolly and Cheng Li

Journal of Economic Policy Reform, 2016, vol. 19, issue 4, 386-395

Abstract: Using panel data from 1995 to 2011 for 34 OECD countries, we examine the effects of government consumption spending, public social spending, and public investment on economic growth. We use a generalized method of moments estimation technique to solve inconsistency problems with fixed effects and random effects panel estimation. We find that an increase in public social spending has a significant negative effect on subsequent economic growth. Government consumption spending and public investment have no significant effect on subsequent economic growth.

Date: 2016
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:taf:jecprf:v:19:y:2016:i:4:p:386-395

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DOI: 10.1080/17487870.2016.1213168

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