Public expenditure and economic growth: A disaggregated analysis for developing countries
Public expenditure and economic growth: A disaggregated analysis for developing countries
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DOI：
10.1111/j.1467-9957.2007.01028.x
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发表时间：
2007-09-01
影响因子：
1.1
通讯作者：
Osborn, Denise R.
中科院分区：
文献类型：
--
作者：
Bose, Niloy;Haque, M. Emranul;Osborn, Denise R.
在本文中，我们研究了20世纪70年代和80年代30个发展中国家的政府支出的增长效应，特别关注分解的政府支出。我们的方法改进了以往的研究，明确认识到政府预算约束的作用和遗漏的变量可能产生的偏差。我们的主要结果是双重的。首先，政府非经常开支占本地生产总值的比重与经济增长有显著正相关，但经常开支则不显著。第二，在分类层面上，如果考虑到预算限制和遗漏的变量，政府对教育的投资和教育总支出是唯一与增长显著相关的支出。
In this paper, we examine the growth effects of government expenditure for a panel of 30 developing countries over the 1970s and 1980s, with a particular focus on disaggregated government expenditures. Our methodology improves on previous research on this topic by explicitly recognizing the role of the government budget constraint and the possible biases arising from omitted variables. Our primary results are twofold. First, the share of government capital expenditure in GDP is positively and significantly correlated with economic growth, but current expenditure is insignificant. Second, at the disaggregated level, government investment in education and total expenditures in education are the only outlays that are significantly associated with growth once the budget constraint and omitted variables are taken into consideration.