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Public spending and growth: A simple model

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  • Sardoni, Claudio

Abstract

The major crises that hit the world economy in the last 15 years caused a growing presence of the state in the economy. Deep crises almost inevitably give rise to growing public interventions to avoid the collapse of the economic and social system. However, the demand for more state interventions does not make it less important to be concerned about the extension and quality of these interventions in order to contain their possible negative effects on the economy as a whole.

Suggested Citation

  • Sardoni, Claudio, 2024. "Public spending and growth: A simple model," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 56-62.
    • Handle: RePEc:eee:streco:v:69:y:2024:i:c:p:56-62
    DOI: 10.1016/j.strueco.2023.12.002
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    References listed on IDEAS

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    1. Nikolaos Filippakis & Theodoros V. Stamatopoulos, 2021. "Public Debt and Economic Growth: A Review of Contemporary Literature," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(1), pages 33-50.
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    4. Arawatari, Ryo & Hori, Takeo & Mino, Kazuo, 2023. "Government expenditure and economic growth: A heterogeneous-agents approach," Journal of Macroeconomics, Elsevier, vol. 75(C).
    5. Glomm, Gerhard & Ravikumar, B., 1994. "Public investment in infrastructure in a simple growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(6), pages 1173-1187, November.
    6. Eckhard Hein, 2014. "Distribution and Growth after Keynes," Books, Edward Elgar Publishing, number 15903.
    7. Glomm, Gerhard & Ravikumar, B., 1997. "Productive government expenditures and long-run growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 183-204, January.
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    9. A. Bhatt Hakhu & C. Sardoni, 2021. "Public expenditure and growth: the Indian case," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 18(1), pages 77-101, April.
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    More about this item

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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