|Title: ||Relationship between public expenditures and economic growth in budget constraint
||Author(s): ||Tran Trung Kien
||Keywords: ||Economic growth; Public expenditure; Budget constraint
||Abstract: ||This paper investigates relationship between public expenditures and economic growth in
budget constraint. Public expenditures are divided into productive expenditure and unproductive expenditure. The budget constraint is conditional on public debt and fiscal balance. Based on the panel data of 66 developing countries in the period of 1998 -2106, the study find that fiscal surplus enhances the growth effects of public unproductive expenditure and public productive expenditure, while the growth effect of public debt is only significant in the case unproductive expenditure when it exceeds 17.025% GDP.
|Issue Date: ||28-Sep-2017
||Publisher: ||UEH Publishing House
|Appears in Collections:||Conference Papers|