Public Expenditure and Economic Growth: Further Evidence for the European Union
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.
Authors
- Juan José Rubio-Guerrero (ORCID: https://orcid.org/0000-0002-6317-3254)
- Simón Sosvilla‐Rivero (ORCID: https://orcid.org/0000-0003-2084-0640)
- María del Carmen Ramos-Herrera (ORCID: https://orcid.org/0000-0002-2903-5405)
Institutions
- Universidad Complutense de Madrid (ES)
- Universidad de Alcalá (ES)
- Institut d'Anàlisi Econòmica (ES)
- University of Castilla-La Mancha (ES)
Publication Details
- Journal
- Economies
- Published
- 2025-02-21
- DOI
- https://doi.org/10.3390/economies13030060
- Citations
- 7
- Primary Topic
- Fiscal Policy and Economic Growth
- Type
- article
- Field-Weighted Citation Impact
- 21.92
Funders
- Generalitat de Catalunya
- Ministerio de Ciencia e Innovación
- Instituto de Estudios Fiscales
- Agencia Estatal de Investigación