文章基本信息

标题：Does Composition of Government Spending Matter to Economic Growth?
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作者：Yu, Bingxin ; Fan, Shenggen ; Saurkar, Anuja 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2009
期号：suppl
出版社：Journal of Agribusiness
摘要：This paper assesses the impact of the composition of government spending on economic growth in developing countries. We use a dynamic GMM model and a panel data set for 44 developing countries between 1980 and 2004. We find that the various types of government spending have different impact on economic growth. In Africa, human capital spending contributes to economic growth whereas in Asia, capital formation, agriculture and education has strong growth promoting effect. In Latin America, none of government spending items has significant impact on economic growth. Our results are robust regardless of model specifications and instruments chosen.
关键词：Government expenditure;growth;GMM