Volume 2 • Issue 1 | March, 2018
Public Expenditure and Economic Growth: Empirical Studies in Short Term and Long Term in Developing Economies
Tran Bich Van, Tran Trung Kien
Abstract:
The thesis studies the impact of public expenditure on economic growth in developing countries in the long term or in the short term. The author analyzes the data of 66 developing countries, during 1998–2016, using PMG (Pooled Mean Group). The results show that, public expenditure has a negative effect on economic growth both in the short term and long term. Consenquently, this research proposes some solutions to manage public expenditure and improves public expenditure efficiently in Vietnam and the other developing countries.