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612-822-4611
Optimality of Public Expenditures: Theoretical and Empirical Analyses

Optimality of Public Expenditures: Theoretical and Empirical Analyses

Paperback

Business General

ISBN10: 6630499417
ISBN13: 9786630499414
Publisher: Our Knowledge Publishing
Published: Sep 5 2026
Pages: 72
Weight: 0.24
Height: 0.17 Width: 6.00 Depth: 9.00
Language: English
The economic role of the state is the subject of much controversy, both in theory and in practice. The key players in these debates are those who have questioned the effectiveness of public intervention, from Smith to the present day. Various topics-ranging from the principle of the invisible hand, taxation, expectations, the debt burden, the crowding-out effect, and the production of public goods-are examined in these debates.The results obtained confirmed the hypothesis that total public spending has a positive and significant impact on economic growth, with an optimal level of 22.63% of GDP that maximizes economic growth.

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