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- W2955010504 abstract "espanolLa relacion entre tamano del sector publico y crecimiento economico ha dado lugar a una ingente literatura, tanto teorica como empirica. Sin embargo, la evidencia esta muy lejos de ser concluyente. Este trabajo tiene por objeto investigar dicha relacion para una muestra de 25 paises europeos desde la decada de 1960 hasta la actualidad. A tal efecto, se aplican diversas tecnicas que comprenden el analisis de causalidad individual con modelos VAR y modelos de datos de panel, tanto tradicionales como de efectos agrupados. Nuestra contribucion es esencialmente metodologica, puesto que permite superar algunos de los principales escollos de la literatura anterior: la endogeneidad, los efectos dinamicos y la omision de patrones comunes. Los resultados obtenidos no sustentan la ley de Wagner y destacan, para la muestra seleccionada, la existencia de un efecto negativo del tamano del sector publico sobre el crecimiento economico. EnglishThe link between economic growth and the size of the public sector has fuelled one of the most wide-ranging debates in economic literature and the empirical evidence is far from conclusive. With different techniques that encompass both country-to-country causality analysis with VAR models and standard and grouped panels, we study this relationship for a sample of 25 countries from the 1960s to the present. Our contribution is fundamentally methodological, overcoming several pitfalls of the previous literature, namely, endogeneity, dynamic effects and common patterns. The results do not support the fulfilment of the Wagner’s Law and a negative effect of public size on economic growth is highlighted." @default.
- W2955010504 created "2019-07-12" @default.
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- W2955010504 date "2019-02-24" @default.
- W2955010504 modified "2023-10-05" @default.
- W2955010504 title "Investigating Causal Relations between Public Spending and Economic Growth in Europe" @default.
- W2955010504 doi "https://doi.org/10.33776/rem.v0i51.3904" @default.
- W2955010504 hasPublicationYear "2019" @default.
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