Asymmetric output growth effects of government spending: Cross-sectional and panel data evidence

International Review of Economics and Finance

Volumn 20, Issue 4, 2011, Pages 574-590

  Wahab, Mahmoud ^a  

^a UNIVERSITY OF HARTFORD   (United States)

Author keywords

Cross section regressions; Disaggregate government spending; Economic growth; Panel regressions; Productivity

Indexed keywords

EID: 79957574222     PISSN: 10590560     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.iref.2010.10.005     Document Type: Article

References (33)

1. Barro Robert Government spending in a simple model of endogenous growth. Journal of Political Economy 1990, 103-125.
2. Barro Robert Economic growth in a cross-section of countries. Quarterly Journal of Economics 1991, 407-444.
3. Barth James R., Bradley Michael D. On interest rates, inflationary expectations and tax rates. Journal of Banking & Finance 1988, 12:215-220.
4. Bose N., Haque M., Osborne D. Public expenditure and economic growth, a disaggregated analysis for developing countries 2007, Centre for Growth and Business Cycle Research, Economic Studies, University of Manchester.
5. Choi W.G., Devereux Michael Asymmetric effects of government spending: Does the level of real interest rates matter? IMF Working Paper, WP/05/07 2005.
6. De Avila R., Strauch R. Public finances and long term growth in Europe-Evidence from a panel data analysis 2003, European Central Bank, Working Paper No.246.
7. Devarajan S., Swaroop V., Zou H. The composition of public expenditure and economic growth. Journal of Monetary Economics 1996, 37:313-344.
8. Easterly W., Rebelo S. Fiscal policy and economic growth. Journal of Monetary Economics 1993, 32:417-458.
9. Engen E., Skinner J. Fiscal policy and economic growth 1992, Working Paper No. 4223, NBER, Cambridge, MA.
10. Engle R., Granger C.W. Cointegration and error correction: Representation, estimation, and testing. Econometrica 1987, 50:987-1008.
11. Evans A.D., Green Christopher J., Murinde Victor Human capital and financial development in economic growth: New evidence using the TransLog production function. International Journal of Finance and Economics 2002, 7:123-140.
12. Feder Gershon On exports and economic growth. Journal of Development Economics 1983, 12:59-73.
13. Ghosh S. and Gregoriou A. (2006). On the composition of government spending, optimal fiscal policy, and endogenous growth: Theory and evidence. Unpublished Manuscript, Brunel University.
14. Gremmell N., Kneller R., and Sanz I. (2009). The composition of government expenditure and economic growth: Some evidence from OECD countries. Unpublished Manuscript.
15. Grier K.B. Governments, unions and economic growth. Government and growth 1997, Clarendon Press. V. Bergstom (Ed.).
16. Grier Kevin B., Tullock Gordon An empirical analysis of cross national economic growth, 1951-1980. Journal of Monetary Economics 1989, 40:259-276.
17. Hadri K. Testing for stationarity in heterogenous panel data. Econometrics Journal 2000, 3:148-161.
18. Hansson P., Henrekson M. A new framework for testing the effect of government spending on growth and productivity. Public Choice 1994, 81:381-401.
19. Hercowitz Z., Strawczynski M. Cyclical ratcheting in government spending: Evidence from OECD. The Review of Economics and Statistics 2004, 86:353-361.
20. Kandil M. Variation in the effects of government spending shocks with methods of financing: Evidence from the U.S. International Review of Economics and Finance 2006, 15:463-486.
21. Kormendi Roger, Meguire Philip Macroeconomic determinants of growth: Cross-country evidence. Journal of Monetary Economics 1985, 141-163.
22. Landau Daniel Government expenditure and economic growth: A cross-country study. Southern Economic Journal 1983, 783-792.
23. Levine R., Renelt D. A sensitivity analysis of cross-country regressions. The American Economic Review 1992, 76:942-963.
24. Li D. Is the AK model still alive? The long-run relation between growth and investment re-examined. Canadian Journal of Economics 2002, 35:92-114.
25. Lin S. Government debt and economic growth in an overlapping generations model. Southern Economic Journal 2000, 66:754-763.
26. Miller S., Russek F. Fiscal structures and economic growth at the state and local level. Public Finance Review 1997, 23:213-237.
27. Perotti R. Estimating the effects of fiscal policy in OECD countries. Bocconi University, IGIER Working Paper No. 276 2002.
28. Pesaran H., Shin Y., Smith R. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics 2001, 16:289-326.
29. Ram R. Government size and economic growth: A new framework and some evidence from cross-section and time-series data. The American Economic Review 1986, 191-203.
30. Rodrik D. Why do more open economies have bigger governments?. Journal of Political Economy 1988, 106:997-1034.
31. Sehhadji A. Sources of Economic Growth: An Extensive Growth Accounting Exercise. IMF Staff Papers 2000, 47:129-157.
32. Summers, Heston Penn world tables 2005, Center for International Comparisons at the University of Pennsylvania (CICUP). http://www.pwt.econ.upenn.edu.
33. Zagler M., Durnecker G. Fiscal policy and economic growth. Journal of Economic Surveys 2003, 17:397-418.