TY  - JOUR
TI  - GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPEAN ECONOMIES: A PANEL ARDL APPROACH
AB  - This study investigates the relationship between government expenditure and economic growth with a primary concern of focusing on the long-run effects. It uses the panel ARDL-PMG approach as an econometric methodology for 11 Central and Eastern Europe (CEE) economies from 1995 to 2019. The findings from the empirical analysis indicate a significant long-run relationship between the two mac-roeconomic variables; however, the relevant relationship is estimated negatively. The findings for the short-run effects for the whole panel and country-specific estimations also confirm that higher govern-ment expenditure results in a statistically significant decline in real GDP per capita. Thus, the findings of this study do not empirically validate the Keynesian theory for 11 CEE economies covered in the research over the 1995-2019 period.
AU  - GORKEY, SELDA
PY  - 2023
JO  - Finans Politik ve Ekonomik Yorumlar Dergisi
VL  - 0
IS  - 663
SN  - 1307-7112
SP  - 55
EP  - 78
DB  - TRDizin
UR  - http://search/yayin/detay/1171974
ER  -