New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending:
Using panel data for OECD countries, this study investigates the extent to which changes in government spending on education, health and other areas influence long-term growth. The results suggest that, if total government spending is kept unchanged, increasing expenditure on health, education and t...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2013
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Links: | https://doi.org/10.1787/5k3txn15b59t-en |
| Summary: | Using panel data for OECD countries, this study investigates the extent to which changes in government spending on education, health and other areas influence long-term growth. The results suggest that, if total government spending is kept unchanged, increasing expenditure on health, education and transport raises long-term GDP growth. In contrast, government spending on housing is found to weaken long-term GDP growth. The error-correction specification used allows assessing adjustment speed which, consistent with intuition, is estimated to be slow. According to the econometric results, it takes more than five years for half of the effect of a change in the structure of government spending to be reflected in longterm growth |
| Physical Description: | 1 Online-Ressource (15 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k3txn15b59t-en |
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| indexdate | 2025-01-11T15:45:43Z |
| institution | BVB |
| language | English |
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| spellingShingle | Barbiero, Omar New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending Governance Economics |
| title | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending |
| title_alt | Nouvelles évaluations économétriques de l'effet à long terme sur la croissance de différentes catégories de dépense publique |
| title_auth | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending |
| title_exact_search | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending |
| title_full | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending Omar Barbiero and Boris Cournède = Nouvelles évaluations économétriques de l'effet à long terme sur la croissance de différentes catégories de dépense publique / Omar Barbiero et Boris Cournède |
| title_fullStr | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending Omar Barbiero and Boris Cournède = Nouvelles évaluations économétriques de l'effet à long terme sur la croissance de différentes catégories de dépense publique / Omar Barbiero et Boris Cournède |
| title_full_unstemmed | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending Omar Barbiero and Boris Cournède = Nouvelles évaluations économétriques de l'effet à long terme sur la croissance de différentes catégories de dépense publique / Omar Barbiero et Boris Cournède |
| title_short | New Econometric Estimates of Long-term Growth Effects of Different Areas of Public Spending |
| title_sort | new econometric estimates of long term growth effects of different areas of public spending |
| topic | Governance Economics |
| topic_facet | Governance Economics |
| url | https://doi.org/10.1787/5k3txn15b59t-en |
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