| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Does Composition of Government Spending Matter to Economic Growth?
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| Autores: |
Yu, Bingxin
Fan, Shenggen
Saurkar, Anuja
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| Data: |
2009-06-29
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| Ano: |
2009
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| Palavras-chave: |
Government expenditure
Growth
GMM
Agricultural and Food Policy
Financial Economics
International Development
H5
O1
C232
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| Resumo: |
This paper assesses the impact of the composition of government spending on economic growth in developing countries. We use a dynamic GMM model and a panel data set for 44 developing countries between 1980 and 2004. We find that the various types of government spending have different impact on economic growth. In Africa, human capital spending contributes to economic growth whereas in Asia, capital formation, agriculture and education has strong growth promoting effect. In Latin America, none of government spending items has significant impact on economic growth. Our results are robust regardless of model specifications and instruments chosen.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/51684
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| Relação: |
International Association of Agricultural Economists>2009 Conference, August 16-22, 2009, Beijing, China
Contributed Paper
120
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