Efficiency of Fiscal Policy in Promoting GDP and Its Dete...
Wang, Eric / Alvi, Eskander
The purpose of this paper is two-fold: to measure the efficiency of public expenditure in stimulating economic growth in ten OECD countries for the period 1981-2008, and to investigate the factors that influence the efficiency of government spending. Several notable hypotheses are examined relating to: (1) private sector activities, (2) degree of corruption, (3) monetary expansion, (4) government size, and (5) public debt-income ratio. The res...