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Public Expenditures Impact On Economic Growth: Evidences For Romania

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  • ZUGRAVU Bogdan-Gabriel
  • SAVA Anca-Stefania

Abstract

The aim of this paper is to discuss the Romanian public expenditures impact on economic growth from both a theoretical and an empirical point of view. Firstly, we present a brief literature review on the effects of public expenditures policy to economic growth. The second section continues with the methodology that we used in order to estimate the impact of public expenditures, according to their economic structure, to economic growth for the period 1995-2011. According to the results obtained, for interests and gross capital formation was found a negative correlation with gross domestic product, while the other categories of expenditures contributed in different proportions to economic growth.

Suggested Citation

  • ZUGRAVU Bogdan-Gabriel & SAVA Anca-Stefania, 2012. "Public Expenditures Impact On Economic Growth: Evidences For Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 665-671.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:4:p:665-671
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    References listed on IDEAS

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    6. Philip Grossman, 1988. "Government and economic growth: A non-linear relationship," Public Choice, Springer, vol. 56(2), pages 193-200, February.
    7. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    8. Ram, Rati, 1986. "Government Size and Economic Growth: A New Framework and Some Evidencefrom Cross-Section and Time-Series Data," American Economic Review, American Economic Association, vol. 76(1), pages 191-203, March.
    9. Holmes, James M & Hutton, Patricia A, 1990. "On the Causal Relationship between Government Expenditures and National Income," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 87-95, February.
    10. 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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