The efficiency of public expenditure and economic growth in the countries of the Western Balkans

Автор: Prole Ljiljana, Petković Dragana

Журнал: Ekonomski signali @esignali

Статья в выпуске: 1 vol.16, 2021 года.

Бесплатный доступ

The countries of the Western Balkans are facing a number of challenges. One of the most acute ones, certainly, is improving the efficiency of public expenditure. Having this in mind, the main research objective of the paper is to present the interdependence between public expenditure and economic growth in the Western Balkans. In addition, the analysis is focused on the efficiency of public expenditure in the group of the above-stated countries, as well as the relationship between the size of public expenditure and its efficiency in these countries. Data from the International Monetary Fund, the World Bank and the World Economic Forum were used for the analysis. The results reveal that this interdependence in the countries of the Western Balkans, in addition to different intensity, has a different direction.

Еще

Public expenditure, economic growth, efficiency, Western Balkans

Короткий адрес: https://sciup.org/170204061

IDR: 170204061   |   DOI: 10.5937/ekonsig2101081P

Список литературы The efficiency of public expenditure and economic growth in the countries of the Western Balkans

  • Afonso, A., Schuknecht, L., Tanzi, V. (2010) Public sector efficiency: Evidence for new EU member states and emerging markets. Applied Economics, 42(17): 2147-2164
  • Arandarenko, M., Bartlett, W. (2012) Labour market and skills in the Western Balkans. FREN-Foundation for the Advancement of Economics
  • European Commission (2016) European semester thematic fiche: Poverty and social exclusion
  • Fölster, S., Henrekson, M. (2001) Growth effects of government expenditure and taxation in rich countries. European Economic Review, 45(8): 1501-1520
  • Jin-Young, H., Ho, L.S. (2015) The effectiveness of government expenditure on economic growth and volatility. Korean Assoc. Public Policy, 33, 85-105
  • Kovtun, D., Mayer, C.A., Murgasova, Z., Smith, D., Tambunlertchai, S. (2014) Boosting job growth in the Western Balkans. IMF Working Papers, 14(16): 1
  • Mandl, U., Dierx, A., Ilzkovitz, F. (2008) The effectiveness and efficiency of public spending. u: European Economy, Economic Papers 301, http://ec.europa.eu/economy_finance/publications/pages/publication11902_en.pdf
  • Matković, G. (2017) Država blagostanja u zemljama Zapadnog Balkana - izazovi i opcije. Beograd: Centar za socijalnu politiku
  • Međunarodni monetarni fond (2020) World economic outlook. https://www.imf.org/en/publications/weo
  • Musgrave, R., Musgrave, P. (1989) Public finance in theory and practice. New York: McGrawHill Book Co, 5th ed
  • Nardo, M., Saisana, M., Saltelli, A., Tarantola, S., Hoffman, A., Giovannini, E. (2005) Handbook on constructing composite indicators. 12
  • Saez, M.P., Alvarez-Garcia, S., Rodriguez, D.C. (2017) Government expenditure and economic growth in the European Union countries: New evidence. Bull. Geogr. -Socio-Econ. Ser., 36, 127-133
  • Svetski ekonomski forum The Global competitiveness report. 2011, ..., 2017-18. https://www.weforum,org/reports
Еще
Статья научная