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Optimality of Public Expenditures: Theoretical and Empirical Analyses

Name: Optimality of Public Expenditures: Theoretical and Empirical Analyses
Brand: Our Knowledge Publishing
SKU: 29fca4fda339ca37b37a66d6f392aa36

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Bol The economic role of the state is the subject of much controversy, both in theory and in practice. The key players in these debates are those who have questioned the effectiveness of public intervention, from Smith to the present day. Various topics-ranging from the principle of the invisible hand, taxation, expectations, the debt burden, the crowding-out effect, and the production of public goods-are examined in these debates.The results obtained confirmed the hypothesis that total public spending has a positive and significant impact on economic growth, with an optimal level of 22.63% of GDP that maximizes economic growth.

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Beschrijving (1)

The economic role of the state is the subject of much controversy, both in theory and in practice. The key players in these debates are those who have questioned the effectiveness of public intervention, from Smith to the present day. Various topics-ranging from the principle of the invisible hand, taxation, expectations, the debt burden, the crowding-out effect, and the production of public goods-are examined in these debates.The results obtained confirmed the hypothesis that total public spending has a positive and significant impact on economic growth, with an optimal level of 22.63% of GDP that maximizes economic growth.

Lees meer