PUBLIC-EXPENDITURES, TECHNICAL PROGRESS AND GROWTH

被引:4
作者
ARTUS, P
KAABI, M
机构
来源
REVUE ECONOMIQUE | 1993年 / 44卷 / 02期
关键词
D O I
10.2307/3502242
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze the link between public expenditures and growth from both a theoretical and an empirical point of view. We first develop two theoretical models where public expenditues can have a permanent effect on growth, even if the solvency constraint implies that supplementary spending is compensated by future decreases in spending or by increased taxes. In a second part, we build econometric equations explaining the differences between 21 OECD countries for the average growth rates during the 70's and 80's. The explanatory variables introduced are public spending as a whole or in research and development, public or private research expenditures, investment in fixed capital and national savings, population growth.
引用
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页码:287 / 318
页数:32
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