Government Spending and Economic Growth: A Cointegration Analysis on Romania

نویسندگان

چکیده

The purpose of our study is to identify the nature link between government spending and economic growth, in order test two theories Wagner Keynes, case Romania. On one hand, Keynes argues that public an important tool stimulate growth. other says increased a result We analyzed long-term dynamics time series through Johansen’s cointegration approach and, short term, with help Granger’s causality test. obtained results do not indicate existence vectors, but they support double relation term. Therefore, only does GDP represent Granger cause for also vice versa. Our validate liberal criticism state’s involvement supporting economies. As critics monetarist school said, effect multiplying on national income short-term. appears under action inflationary macroeconomic bottlenecks.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The impact of Government spending on economic growth in D-8 countries

The present paper examines the effect of government consumption expenditures on economic growth in D-8 countries during the period of 1988 to 2010 using the panel data method. Iran, Turkey, Indonesia, Bangladesh, Nigeria, Egypt, Pakistan and Malaysia are the countries that have been researched in this study. Fixed effect method is used for the model estimation that has been acquired from Lizard...

متن کامل

Terms of Trade Volatility, Government Spending Cyclicality, and Economic Growth

This paper presents estimates of the effects that terms of trade volatility has on real GDP per capita growth. Based on 5-year non-overlapping panel data comprising 175 countries during 1980-2010, the paper finds that terms of trade volatility has significant adverse effects on economic growth in countries with procyclical government spending; in countries where government spending is countercy...

متن کامل

RePEc Archive Government spending , corruption and economic growth

This paper considers the effects of corruption and government spending on economic growth. It starts from an endogenous growth model and extends it to account for the detrimental effects of corruption on the potentially productive components of government spending, namely military and investment spending. The resulting model is estimated on a sample of African countries and the results show, fi...

متن کامل

An Analysis of the Effect of Consumption Spending and Investment on Indonesia’s Economic Growth

This study aims to examine the effect of investment and consumption spending on Indonesia’s economic growth. The data used is the quarterly time series data from the first quarter of year 2003 to the fourth quarter of year 2013, comprising consumption spending, investment and economic growth. For the purpose of analysis, the autoregressive distributed lag (ARDL) model is used. The result of the...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Sustainability

سال: 2021

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su13126575