Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area
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| Format: | Artículo científico |
| Language: | en |
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Vilniaus Universitetas
2012
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| _version_ | 1876444890638843904 |
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| author | Jolanta Žemgulienė |
| author_facet | Jolanta Žemgulienė |
| contents | Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area Jolanta Žemgulienė Economía y Finanzas labor productivity capital productivity Government expenditure on fixed capital formation This paper explores a relationship between government expenditure on fixed capital formation and private sector productivity in Lithuania and Euro area economies. The extent to which variations of productivity in private Lithuanian economy can be explained by the flow of government expenditure on gross capital formation is estimated from regression analysis based on Cobb-Douglas production function approach. Quarterly state-level data from Lithuania and pooled data from the Euro area countries (12 countries) for the period of 2000 – 2010 were used. The regression estimation indicates the insignificant result for the impact of volume of government expenditure on fixed capital formation on the private sector output growth. Empirical analysis also revealed the negative significant result for the government expenditure on fixed capital formation as a share of GDP for both Lithuania and the Euro area countries. 2012 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692375802003 en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.3 |
| format | Artículo científico |
| id | redalyc_692375802003 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Vilniaus Universitetas |
| spellingShingle | Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area Jolanta Žemgulienė Economía y Finanzas labor productivity capital productivity Government expenditure on fixed capital formation Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area Jolanta Žemgulienė Economía y Finanzas labor productivity capital productivity Government expenditure on fixed capital formation This paper explores a relationship between government expenditure on fixed capital formation and private sector productivity in Lithuania and Euro area economies. The extent to which variations of productivity in private Lithuanian economy can be explained by the flow of government expenditure on gross capital formation is estimated from regression analysis based on Cobb-Douglas production function approach. Quarterly state-level data from Lithuania and pooled data from the Euro area countries (12 countries) for the period of 2000 – 2010 were used. The regression estimation indicates the insignificant result for the impact of volume of government expenditure on fixed capital formation on the private sector output growth. Empirical analysis also revealed the negative significant result for the government expenditure on fixed capital formation as a share of GDP for both Lithuania and the Euro area countries. 2012 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692375802003 en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.3 |
| title | Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area |
| topic | Economía y Finanzas labor productivity capital productivity Government expenditure on fixed capital formation |
| url | https://www.redalyc.org/articulo.oa?id=692375802003 |