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Does the Composition of Government Expenditure Matter for Long-run GDP Levels?

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dc.contributor.author Gemmell, Norman
dc.contributor.author Kneller, Richard
dc.contributor.author Sanz, Ismael
dc.date.accessioned 2014-08-31T21:03:01Z
dc.date.accessioned 2022-07-06T22:23:49Z
dc.date.available 2014-08-31T21:03:01Z
dc.date.available 2022-07-06T22:23:49Z
dc.date.copyright 2014
dc.date.issued 2014
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18845
dc.description.abstract We examine the long-run GDP impacts of changes in total government expenditure and in the shares of different spending categories for a sample of OECD countries since the 1970s, taking account of methods of financing expenditure changes and possible endogenous relationships. We provide more systematic empirical evidence than available hitherto for OECD countries. Our results provide strong evidence that reallocating total spending towards infrastructure and education would be positive for long-run income levels. Increasing the share of social welfare spending (and away from all others pro-rata) may be associated with, at most, modestly lower long-run GDP levels. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance ; 10/2014 en_NZ
dc.subject Government expenditure composition en_NZ
dc.subject Fiscal policy en_NZ
dc.subject GDP en_NZ
dc.title Does the Composition of Government Expenditure Matter for Long-run GDP Levels? en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.anzsrcfor 140299 Applied Economics not elsewhere classified en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380199 Applied economics not elsewhere classified en_NZ
dc.rights.rightsholder www.victoria.ac.nz/sacl/about/cpf en_NZ

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