Government expenditure on public order and safety, economic growth and private investment: Empirical evidence from the United States
نویسنده
چکیده
The analysis begins by using annual data for the US from 1959 to 2003 to examine the macroeconomic relationship between government expenditure on public order and safety, output and investment. In practice, total spending on public order and safety is divided up into four categories (police force, fire service, law courts and prison service) so in the second part of the analysis we test for Granger causality between output, investment and each category of spending. But the division of aggregate spending may give rise to trade-offs/complementarities so in thefinal part of the analysis Granger causality tests are used to investigate this issue. Among other things, the results suggest that changes in output Granger cause changes in total spending on public order and safety. In particular, when total spending is disaggregated the findings suggest that changes in output Granger cause changes in spending on the police force and the law courts. © 2008 Elsevier Inc. All rights reserved.
منابع مشابه
Global Recession and Its Impact on Telecommunication Industry: An Empirical Dissection
India is much more integrated with the world economy. Both current and capital accounts are complementing to each other. The economic slowdown that appears to have begun in the USA in September, 2008 has some negative impact on Indian economy. The most immediate and adverse effect of this global financial crisis on India is an out flow of Foreign Institutional Investment (FII) from the capital ...
متن کاملThe Impact Of Government Expenditure On GDP, Employment And Private Investment A CGE Model Approach
متن کامل
Public Expenditure and Economic Growth in Nigeria (A Granger Causality Approach) 1983-2012
This paper examines the impact of government expenditure on the Nigerian economy for the period 1983 - 2012. The government expenditure components used as the explanatory variables in the model are: expenditures on Health, Education, Defense, Agriculture and Transportation and Communication. The Gross Domestic Product (GDP) was used as a parameter for measuring economic growth. In order to esta...
متن کاملآثار مخارج بهداشتی دولت بر رشد اقتصادی و بهرهوری در ایران : رویکرد منطقهای
This paper examines the impact of public health expenditures and economic changes on Iran. To do so,it shall use a solo model, a model to explain variations in national health and productivity of an input.It reviews the scientific literature and the effectiveness and accountability of the public health expenditure & labor productivity empirical results of panel 28 provinces of the data model in...
متن کاملرویکردی برای تعیین اندازه بهینه دولت (برمبنای بودجه عمومی دولت)
In line with the unprecedented development of public sector in the 20th century, many economists have studied the efficiency of the public sector in economic growth and development. Evidently, one of the important aspects of these studies is to determine the optimum size of government whose theoretical principles and approaches as well as practical methods have been argued about in public secto...
متن کامل