Public spending and growth: the role of government accountability
This paper examines the role of institutions in the nexus between public spending and economic growth. Empirical results based on a newly assembled dataset of 80 countries over the 1970-2010 period suggest that particularly when institutions prompt governments to be accountable to the general citize...
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| Format: | Article |
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Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/35140/ |
| _version_ | 1848795011132424192 |
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| author | Morozumi, Atsuyoshi Viega, Francisco José |
| author_facet | Morozumi, Atsuyoshi Viega, Francisco José |
| author_sort | Morozumi, Atsuyoshi |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper examines the role of institutions in the nexus between public spending and economic growth. Empirical results based on a newly assembled dataset of 80 countries over the 1970-2010 period suggest that particularly when institutions prompt governments to be accountable to the general citizen does public capital spending promote growth. Taking account of the type of financing for this spending, we show that the growth promoting effect under an accountable government appears to prevail for various financing sources, including a reallocation from current spending, an increase in revenue, and a rise in the budget deficit. However, government accountability does not seem to play a key role in the growth effects of current spending. |
| first_indexed | 2025-11-14T19:25:18Z |
| format | Article |
| id | nottingham-35140 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:25:18Z |
| publishDate | 2016 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-351402020-05-04T18:01:55Z https://eprints.nottingham.ac.uk/35140/ Public spending and growth: the role of government accountability Morozumi, Atsuyoshi Viega, Francisco José This paper examines the role of institutions in the nexus between public spending and economic growth. Empirical results based on a newly assembled dataset of 80 countries over the 1970-2010 period suggest that particularly when institutions prompt governments to be accountable to the general citizen does public capital spending promote growth. Taking account of the type of financing for this spending, we show that the growth promoting effect under an accountable government appears to prevail for various financing sources, including a reallocation from current spending, an increase in revenue, and a rise in the budget deficit. However, government accountability does not seem to play a key role in the growth effects of current spending. Elsevier 2016-07-12 Article PeerReviewed Morozumi, Atsuyoshi and Viega, Francisco José (2016) Public spending and growth: the role of government accountability. European Economic Review, 89 . pp. 148-171. ISSN 0014-2921 Public spending; Economic growth; Institutions; Government accountability; Financing method http://www.sciencedirect.com/science/article/pii/S0014292116301192 doi:10.1016/j.euroecorev.2016.07.001 doi:10.1016/j.euroecorev.2016.07.001 |
| spellingShingle | Public spending; Economic growth; Institutions; Government accountability; Financing method Morozumi, Atsuyoshi Viega, Francisco José Public spending and growth: the role of government accountability |
| title | Public spending and growth: the role of government
accountability |
| title_full | Public spending and growth: the role of government
accountability |
| title_fullStr | Public spending and growth: the role of government
accountability |
| title_full_unstemmed | Public spending and growth: the role of government
accountability |
| title_short | Public spending and growth: the role of government
accountability |
| title_sort | public spending and growth: the role of government
accountability |
| topic | Public spending; Economic growth; Institutions; Government accountability; Financing method |
| url | https://eprints.nottingham.ac.uk/35140/ https://eprints.nottingham.ac.uk/35140/ https://eprints.nottingham.ac.uk/35140/ |