Theoretical and Applied Economics
No. 10 / 2014 (599)
How growth-friendly are productive public expenditures? An empirical analysis for Eastern Europe
West University of Timisoara
Abstract. This paper investigated the effects of productive public expenditures over economic growth, using a panel-model approach, in 6 East-European countries during 1990-2013. The paper contributes to the specific literature, showing how different types of productive public expenditures influence economic growth, under an extended set of economic and socio-political control variables. The findings revealed that education, R&D and infrastructure expenditure are positively correlated with economic growth, while health expenditure seems to have a negative impact.
Contents
How growth-friendly are productive public expenditures? An empirical analysis for Eastern Europe
The validity of Marshall-Lerner condition in Turkey: A cointegration approach
Turn Of the Month Effect and Financial Crisis: A new explanation from the Greek Stock Market (2002-2012)
Econometric model used in the capital market analysis
Economic order, catallactics and entrepreneurship
Public-private partnership in the context of regional development – a solution for renewable energy projects?
Mixed strategy Nash Equilibrium and Quantal Response Equilibrium. An experimental comparison using RPS games