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Public Expenditure and Economic Growth: Further Evidence for the European Union

Author

Listed:
  • Simón Sosvilla-Rivero

    (Complutense Institute for Economic Analysis, Universidad Complutense de Madrid, 28223 Madrid, Madrid, Spain)

  • María del Carmen Ramos-Herrera

    (Department of Economics, Universidad deAlcalá, 28801 Alcalá de Henares, Madrid, Spain)

  • Juan J. Rubio-Guerrero

    (Department of Applied Economics, Universidad Castilla-La Mancha, 02071 Ciudad Real, Castilla-La Mancha, Spain)

Abstract

This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995–2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed Lag (ARDL) panel data approach. Our results support the view that different categories of public expenditures have dissimilar long- and short-term effects on the economic performance of EU countries.

Suggested Citation

  • Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera & Juan J. Rubio-Guerrero, 2025. "Public Expenditure and Economic Growth: Further Evidence for the European Union," Economies, MDPI, vol. 13(3), pages 1-25, February.
    • Handle: RePEc:gam:jecomi:v:13:y:2025:i:3:p:60-:d:1596203
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