Solow, Edmund J. Sheehey, Alimi, R. Santos,
|Published (Last):||19 June 2004|
|PDF File Size:||3.13 Mb|
|ePub File Size:||18.97 Mb|
|Price:||Free* [*Free Regsitration Required]|
Overview Abstract The new growth theory establishes, among other things, that government expenditure can manipulate the economic growth of a country. This study attempts to explain whether government expenditure increases or decreases economic growth in the context of Sri Lanka. Results obtained employing a productive output series and applying an analytical framework based on second degree polynomial regression are generally consistent with previous findings: government expenditure and economic growth are positively correlated; excessive government expenditure is negatively correlated with economic growth; and investment promotes growth.
The Freedom Revolution. Washington, D. This article adds to the literature indicating that the Armey curve is a reality not only for developed economies, but also for developing economies. Background Citation Herath, S. Size of government and economic growth: a nonlinear analysis. Economic Annals, 57 , Identity Digital Object Identifier doi Citation Herath, S.
Digital Object Identifier doi
Size of government and economic growth: a nonlinear analysis
Government Expenditure and Economic Growth: An Empirical Analysis of the Armey Curve in Nigeria