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The Composition Of Public Expenditures On Economic Affairs In Cee Countries And Its Impact On Economic Growth

Author

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  • Bogdan-Gabriel ZUGRAVU

    (Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, zugravu@uaic.ro, Iasi, Romania,)

  • Anca-Stefania SAVA

    (Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, sava.anca@yahoo.com, Iasi, Romania,)

Abstract

The aim of this study is to investigate the composition of public expenditures on economic affairs for a group of CEE countries and its impact on economic growth. Even if the economic theory generally admits the positive impact of such expenditures, from the policy-making perspective the choices regarding the level and the composition of these expenditures are crucial, as these expenditures are under strong influences of a mix of political, institutional and macroeconomic factors. The existing empirical evidence does not provide clear answers to the question of which is the optimal structure for economic affairs expenditures. Using regression analysis for data over 1995-2012, we estimate the intensity of the correlations between these categories of public expenditures and economic growth. Our results show that growth is affected only by certain types of expenditures, with significant different intensities.

Suggested Citation

  • Bogdan-Gabriel ZUGRAVU & Anca-Stefania SAVA, 2014. "The Composition Of Public Expenditures On Economic Affairs In Cee Countries And Its Impact On Economic Growth," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 0(Special i), pages 96-102, September.
    • Handle: RePEc:aic:jopafl:y:2014:v:s1:p:96-102
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    References listed on IDEAS

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    6. Niloy Bose & M. Emranul Haque & Denise R. Osborn, 2007. "Public Expenditure And Economic Growth: A Disaggregated Analysis For Developing Countries," Manchester School, University of Manchester, vol. 75(5), pages 533-556, September.
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    Cited by:

    1. Arnold WEISZENBACHER, 2014. "Macroeconomic Stability Of Central And Eastern European Countries," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 263-278.
    2. Megha Jain & Aishwarya Nagpal & Abhay Jain, 2021. "Government Size and Economic Growth: An Empirical Examination of Selected Emerging Economies," South Asian Journal of Macroeconomics and Public Finance, , vol. 10(1), pages 7-39, June.

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    More about this item

    Keywords

    public expenditures on economic affairs; economic growth; CEE countries;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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