Government expenditure: Difference between revisions
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== | Definition | ||
==Examples of government expenditures== | |||
One category mentains thinghs like infrastructure, that means roads, airports, R&D etc. | |||
Those exampels improve the output. | |||
The other category includes things like education to achieve a better technology development. | |||
Glomm 1997 productive government expenditures and lon run growth page 201/202 | |||
Those two examples have a huge impact on the long run of a economy 201/202 | |||
==Impact of Globalization on the composition of Government expenditures== | |||
Different kinds of government expenditures react differently to globalization. | |||
Through globalization, the governments got more pressure and decide to concentrate more on capital expenditures. | |||
As a result, it shows that using econometric analysis, there is no impact on the composition of government expenditures through globalization. Literature shows three possible explanations for this result. The efficiency and compensation effects could neutralize each other. Additionally, there could be indirect effects between the expenditure categories. The last reason the effects of globalization may not exist is because of overstating the topic. | |||
The impact of globalization on the composition | |||
of government expenditures: Evidence from panel data | |||
Axel Dreher · Jan-Egbert Sturm · Heinrich W. Ursprung | |||
Revision as of 12:00, 6 November 2022
Definition
Examples of government expenditures
One category mentains thinghs like infrastructure, that means roads, airports, R&D etc. Those exampels improve the output. The other category includes things like education to achieve a better technology development. Glomm 1997 productive government expenditures and lon run growth page 201/202
Those two examples have a huge impact on the long run of a economy 201/202
Impact of Globalization on the composition of Government expenditures
Different kinds of government expenditures react differently to globalization. Through globalization, the governments got more pressure and decide to concentrate more on capital expenditures. As a result, it shows that using econometric analysis, there is no impact on the composition of government expenditures through globalization. Literature shows three possible explanations for this result. The efficiency and compensation effects could neutralize each other. Additionally, there could be indirect effects between the expenditure categories. The last reason the effects of globalization may not exist is because of overstating the topic. The impact of globalization on the composition of government expenditures: Evidence from panel data Axel Dreher · Jan-Egbert Sturm · Heinrich W. Ursprung
