UnissResearch

Logo Universitàegli studi di Sassari
titoli, abstracts, parole chiave >>>
Government size and the composition of public spending in a neoclassical growth model

Carboni, Oliviero Antonio and Medda, Giuseppe (2007) Government size and the composition of public spending in a neoclassical growth model. Cagliari, CRENoS. p. 24 (Working Papers CRENoS, 2007, 01). Working Paper.

[img]
Preview
Full text disponibile come PDF Richiede visualizzatore di PDF come GSview, Xpdf o Adobe Acrobat Reader
450Kb

Alternative URLs:

Abstract

This paper develops a non-linear theoretical relationship between public spending and economic growth. The model identifies the “optimal” size of government and the “optimal” composition of government spending. Given the size of the government, different allocations of public resources lead to different growth rates in the transition dynamics, depending on their elasticity. We argue that neglecting the hypothesis of non-linearity and the different impact different kinds of public spending have on economic performance results in models which suffer from mis-specification. Traditional linear regression analysis may thus be biased.

Item Type:Working Paper
ID Code:46
Status:Published
Uncontrolled Keywords:Neoclassical and augmented growth models, fiscal policy, public spending composition
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:CRENoS
Publisher Policy:Depositato per gentile concessione del CRENoS
Deposited On:18 Aug 2009 10:01

I documenti depositati in UnissResearch sono protetti dalle leggi che regolano il diritto d'autore

Repository Staff Only: item control page