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dc.contributor.authorSanz, Ismaelen_NZ
dc.contributor.authorVelázquez, Francisco Jen_NZ
dc.date.available2011-04-07T03:06:10Z
dc.date.copyright2001-08en_NZ
dc.identifier.citationSanz, I., & Velázquez, F. J. (2001). The composition of public expenditure and growth: different models of government expenditure distribution by functions. (Economics Discussion Papers Series No. 115). University of Otago. Retrieved from http://hdl.handle.net/10523/1029en
dc.identifier.urihttp://hdl.handle.net/10523/1029
dc.description.abstractThis paper provides a brief survey of the influence on economic growth of the composition of public expenditure by functions, concluding that countries tend towards a similar distribution in the steady state. In this light, we explore the existence of convergence in the structure of government spending in the OECD countries for the period 1970-1997 and the prospects of this process persisting in the future. The results obtained through the dissimilarity index, using the usual convergence indicators, and by means of cluster analysis point to the existence of a convergence process in the structure of government expenditure by functions. Nevertheless, we find that countries are approaching different equilibrium states in which two main models can be differentiated: one for some of the State members of the European Union (EU), and the other for almost the rest of the OECD countries. This suggests that there exist individual factors that impede convergence to a single distribution in the long run.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP0115.pdfen_NZ
dc.subjectgovernment spendingen_NZ
dc.subjectclustersen_NZ
dc.subjectconvergenceen_NZ
dc.subjectfunctions of public expenditureen_NZ
dc.subjectOECDen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleThe composition of public expenditure and growth: different models of government expenditure distribution by functions.en_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages44en_NZ
otago.date.accession2006-02-28en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints270en_NZ
otago.school.eprintsEconomicsen_NZ
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