BUDGETARY SPENDING AND GROWTH IN THE EU

Lucian Albu ()

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 11-17

Abstract: In line with studies on the trend of budgetary spending and its correlation with the economic growth, firstly we analysed the convergence process in EU, both in matter of GDP per capita and in mater of few categories of expenditures. Secondly, based on available data we identified a number of correlations among the intensity in GDP of health expenditure, education expenditure, R&D expenditure and GDP per capita level as a measure of economic development. Moreover, by estimating some behavioural regimes characterising dynamics after 2000 in different groups of countries in EU we highlight potential future trends for main budgetary expenditures.

Keywords: budgetary spending European Union; real convergence; GDP; economic growth; behavioural regimes (search for similar items in EconPapers)
JEL-codes: C8 E7 H5 H6 O47 O52 R12 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:4:y:2017:i:1:p:11-17

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