Public spending structure, minimal state and economic growth in France (1870–2010)

Facchini, François; Seghezza, Elena

doi:10.1016/j.econmod.2018.01.014

Cited by 29 publications

(12 citation statements)

References 42 publications

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“…The study indicates a long-run equilibrium relationship between government spending (public spending) and economic growth in the short and long term, which support Wagner's law. Facchini and Seghezza (2018) highlighted composition of public spending has different effect on growth.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Government Spending and Economic Growth Revisited

Wahyudi

2020

IJEFI

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This study aims to analyze and verify the relationship between government spending and economic growth. This relationship has been a hot topic for debate among economists, with plenty of research done and being done upon it. This particular study uses panel data from 34 provinces in Indonesia during the 2014-2018 period. During this time, Indonesia's government allocated significant amount of its annual budget towards infrastructure. The estimated econometric test result using the Granger Causality Test did not find support for the effect of economic growth on government spending. Conversely, government spending has a significant effect on economic growth. This study provides support for Keynesian economic system, where government spending is used as a policy instrument to encourage economic growth in a nation.

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Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Government Spending and Economic Growth Revisited

Wahyudi

2020

IJEFI

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“…Preventive legislation which sets the effective course of action for the government and helps avert crises, as well as modified economic propositions and social expectations as to how government and public services should function, have become the main substance of political sciences, ushering in a yet stronger applicative discourse in economics. To find the way to make science reflect the proc-esses taking place in practice has become one of the key challenges of our time (Facchini & Seghezza, 2018). When recession strikes, the attempts to enforce the economic policy criteria have demonstrated that neither the classical instrument used in economic policy, i.e.…”

Section: Public Finance As a Major Tool For Building Sustainable Development And Competitivenessmentioning

confidence: 99%

The Impact of Public Finance Management on Sustainable Development and Competitiveness in EU Member States

Postuła¹,

Raczkowski²

2020

JOC

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The social and economic policy pursued by national and European authorities is supported by the redistribution of public funds. Choices made by European member states regarding the relevant scale of redistribution should promote the individual nation's sustainable development and competitiveness. Increased capital and workforce flows strengthen so-called fiscal and spending competition, which weakens governments' capacity for running an autonomous fiscal policy. In EU countries, however, there are still quite significant differences between the basic parameters of fiscal and spending systems, indicating that governments are not as powerless as is often claimed. Further, the fact that elements of fiscal policy have consequences for a country's competitiveness should not be overlooked. Keeping this in mind, the main purpose of this article is to examine to what extent EU member states' public spending can have a real impact on changing performance indicators for goals related to competitiveness and sustainable development. To this end, an approach based on panel models (individual vs. random effects) verified with a Hausman specification test was used. Our findings demonstrate the significant impact of an active spending policy on the indicators selected for analysis, i.e. indicators related to the stable development and competitiveness of EU member states within the period of 2008-2018. Our research results have also shown that to measure competitiveness there is a need to integrate a number of varied economic, social and innovative factors to analyze the growth potential of a particular country. In turn, our model studies demonstrate that countries where the fiscal deficit is below 3% of GDP can implement a sustainable development policy more effectively, thus promoting competitiveness, instead of the periodic shocks and budget cuts which accompany remedial processes and procedures to alleviate excessive deficits.

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“…Tongurai, Vithessonthi, 2018 Banking sector Negative impact on the development of the agricultural sector (in countries with developed banking sector), but no impact on the development of the industrial sector. Facchini, Seghezza, 2018;Olaoye et al, 2020 Government expenditure…”

Section: Studiesmentioning

confidence: 99%

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

Sukharev

Voronchikhina

2021

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Relevance. The development of the Eurasian Union means economic integration between its member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia). For more efficient coordination of this process, it is necessary to analyze national models of economic growth and adjust the Union’s economic policy accordingly. Research objective. The study aims to identify the national models of economic growth by applying the structural analysis method and building regression models of GDP growth. Data and methods. The study relies on the structural analysis of GDP growth and regression analysis of the impact of macroeconomic policy instruments. Results. The study provides an overview of the research literature on the factors affecting economic growth (e.g. the financial structure, government expenditures. Based on the results of the structural analysis, a classification of the models of economic growth in terms of expenditures and sectors is proposed. This classification can be used to devise measures stimulating cooperation and integration within the Eurasian Union. Conclusions. The study has revealed the differences between the national models of economic growth by looking at each country’s reaction to the crises of 2009 and 2015. These differences correspond to the peculiarities of each country’s economic policy and need to be taken into account in the Union’s policy-making.

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Public spending structure, minimal state and economic growth in France (1870–2010)

Cited by 29 publications

References 42 publications

The Relationship Between Government Spending and Economic Growth Revisited

The Relationship Between Government Spending and Economic Growth Revisited

The Impact of Public Finance Management on Sustainable Development and Competitiveness in EU Member States

Comparative structural analysis of economic growth in countries of the Eurasian Economic Union

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