On the heterogeneous impact of public capital and current spending on growth across nations |
| |
| Authors: | Andros Gregoriou Sugata Ghosh |
| |
| Affiliation: | aNorwich Business School, University of East Anglia, Norwich, NR4 7TJ, UK;bDepartment of Economics and Finance, Brunel University, UK |
| |
| Abstract: | ![]()
This paper captures the heterogeneous impact on growth, of public capital and current spending, for 15 developing countries. Using the GMM system panel estimator, we show that countries with substantial public capital (current) spending have strong negative (positive) growth effects. |
| |
| Keywords: | Public capital and current spending Economic growth Heterogeneous panel GMM system estimator |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
