PUBLIC SPENDING AND THE ECONOMIC GROWTH RATE IN THE EUROPEAN UNION COUNTRIES

• Authors: Heller Janusz , Roman Dorota
• Languages of publication: EN

Abstracts

EN

The aim of this study is to make an assessment of the relationship between the total amount of public spending and the economic growth rate. According to the study results, an increase in total amount of public spending (expressed as % of GDP) brings about a decrease in the real gross domestic product. An analysis of the public spending in selected EU countries in the period from 1996 to 2005, measured as its percentage of GDP, reveals its relationship with a change in real GDP value. The relationship is negative, which means that a 1% increase in public spending is accompanied by an average decrease in the real GDP growth rate by 0.151312%. The actual GDP growth rate differs from that estimated by the model by circa 0.13823%.

Keywords

EN

ECONOMIC GROWTH; EUROPEAN UNION; GDP; PUBLIC SPENDING

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Uniwersytet Warmińsko-Mazurski w Olsztynie
• Journal: Olsztyn Economic Journal
• Year: 2008
• Volume: 3
• Issue: 2
• Pages: 181-195
• Document type: ARTICLE

Contributors

author

Heller Janusz

author

Roman Dorota

• Janusz Heller, Uniwersytet Warminsko-Mazurski w Olsztynie, Katedra Makroekonomii, ul. Obitza 2, 10-957 Olsztyn, Poland

Identifiers

CEJSH db identifier

10PLAAAA07679