expenditure policy into account as well. Here, public expenses with a high 'quality' are those which improve economic growth and … sustainable development. In the PEGS-project, we studied if and how public expenditure with a positive correlation with growth and …

We examine the role of government for growth in 64 industrialized and developing countries, considering both … matters more for growth than do government spending. We find that seigniorage and budget surplus are important for growth in … indebtedness is a negative determinant of growth in LDCs. …

In a simultaneous equations with error components framework, we analyze the institutions-growth relationship. We … the direct and indirect effects of institutions on growth. We find that the effects of political freedom on total factor … force growth. Economic freedom, on the other hand, has positive and significant effects on total factor productivity …

expenditure policy into account as well. Here, public expenses with a high 'quality' are those which improve economic growth and … sustainable development. In the PEGS-project, we studied if and how public expenditure with a positive correlation with growth and …