This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995-2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed...

This study investigates the fiscal sustainability hypothesis for a panel of 88 countries from 2000-2020. We applied the cross-sectional panel ARDL methodology to estimate both short- and long-run effects, as well as fiscal reaction functions of government primary surplus in response to increases...

This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995-2022 period and estimate a growth model augmented for public expenditure employing the Autoregressive Distributed...