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Growth Effects of Governmental Policies: A Comparative Analysis in a Multi‐Country Context
Author(s) -
Brons Martijn R.E.,
De Groot Henri L.F.,
Nijkamp Peter
Publication year - 2000
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/0017-4815.00144
Subject(s) - context (archaeology) , economics , public economics , variety (cybernetics) , government (linguistics) , macroeconomics , econometrics , computer science , philosophy , artificial intelligence , biology , paleontology , linguistics
The potential interactions among governmental policies, investments andeconomic growth are complex and manifold. This paper will perform a systematic comparative analysis of the various economic insights that are currently available on these complex relationships, both theoretically (by a selective literature review) and empirically (by reviewing the empirically obtained insights). Despite the wide variety of potential theoretical relationshipsbetween government expenditures, taxation and growth, most empirical analyses are restricted to simple linear regressions of growth on some measure of government expenditures. We will indicate directions for future empirical research that may enrich our knowledge about the complex relationship between fiscal policies and economic growth, not only nationally but also regionally.