Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/45030

TitlePublic spending and growth: the role of government accountability
Author(s)Morozumi, Atsuyoshi
Veiga, Francisco José
KeywordsPublic spending
Economic growth
Institutions
Government accountability
Financing method
Issue dateOct-2016
PublisherElsevier
JournalEuropean Economic Review
Abstract(s)This paper examines the role of institutions in the nexus between public spending and economic growth. Empirical results based on a newly assembled dataset of 80 countries over the 1970–2010 period suggest that particularly when institutions prompt governments to be accountable to the general citizen does public capital spending promote growth. Taking account of the type of financing for this spending, we show that the growth-promoting effect under an accountable government appears to prevail for various financing sources, including a reallocation from current spending, an increase in revenue, and a rise in the budget deficit. However, government accountability does not seem to play a key role in the growth effects of current spending.
TypeArticle
URIhttp://hdl.handle.net/1822/45030
DOI10.1016/j.euroecorev.2016.07.001
ISSN0014-2921
Publisher versionhttp://www.sciencedirect.com/science/article/pii/S0014292116301192
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

Files in This Item:
File Description SizeFormat 
Morozumi & Veiga, 2016.pdf
  Restricted access
12,95 MBAdobe PDFView/Open

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu ORCID