GOVERNMENT EXPENDITURES COMPOSITION AND GROWTH IN EU15: A DYNAMIC HETEROGENEOUS APPROACH

Lena MALEŠEVIĆ PEROVIĆ

Associate professor University of Split, Faculty of Economics, Business and Tourism, CERGE EI Teaching Fellow Cvite Fiskovića 5, 21000 Split, Croatia, Tel: + 385 21 430 683, Fax: + 385 21 430 701

lena@efst.hr

Silvia GOLEM

Associate professor University of Split, Faculty of Economics, Business and Tourism, Cvite Fiskovića 5, 21000 Split, Croatia, Tel: + 385 21 430 673, Fax: + 385 21 430 701

sgolem@efst.hr

Abstract

The goal of this paper is to investigate the long-run effect of government size and composition on growth in EU15 countries during 1995-2014. Unlike previous studies, this paper employs a more adequate and sophisticated econometric technique which allows the joint occurrence of dynamics and parameter heterogeneity as well as addresses the problem of unobserved common factors. The obtained results indicate that high aggregate spending levels are an impediment for growth in developed economies, while the single most important government expenditure item is education. In quantitative terms the impact of education expenditures is, however, significantly lower than that found by other papers.

Keywords: government size, expenditures composition, GDP growth, heterogeneity, unobserved common effects, EU15

JEL classification: C23, H1, H50, O4
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THE ANALYSIS OF THE ALGERIAN TERRITORIAL RECONFIGURATION PERCEPTIONS AND METHODS; CASE OF THE MUNICIPALITIES OF THE PROVINCE OF TIZI-OUZOU

Arezki CHENANE

Maître assistant, Faculté des sciences Economiques, Commerciales et des Sciences de Gestion, UMMTO
chenanearezki@gmail.com

Lamara HADJOU

Maître de conférences, Faculté des Sciences Economiques, Commerciales et des Sciences de Gestion, UMMTO
lhadjou@Yahoo.fr

Abstract

The aim of this article is to examine the Algerian territorial reconfiguration perceptions and methods through the case of the municipalities of the wilayah of Tizi-Ouzou. In fact , the  investigation  that is based on almost direct entertainments and dealt with local actors has therefore allowed to highlight the current territorial division limits. Furthermore, the insufficiency of the criteria taken into account is emphasized by the delay in the decentralization process. Be based on these limits, we have drawn several possible scenarios of the territorial mesh evolution which may give birth to a participative and a permanent local development.

Keywords: Perception, territorial configuration, municipalities, Algerian, scenarios

JEL classification: H1, H7, O2

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