Solow, Edmund J. Sheehey, Alimi, R. Santos, More about this item Keywords government expenditure ; economic growth ; Armey curve ; aggregate demand ; aggregate supply ; JEL classification: E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.
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Overview Abstract The new growth theory establishes, among other things, that government expenditure can manipulate the economic growth of a country. This study attempts to explain whether government expenditure increases or decreases economic growth in the context of Sri Lanka. Results obtained employing a productive output series and applying an analytical framework based on second degree polynomial regression are generally consistent with previous findings: government expenditure and economic growth are positively correlated; excessive government expenditure is negatively correlated with economic growth; and investment promotes growth.
The Freedom Revolution. Washington, D. This article adds to the literature indicating that the Armey curve is a reality not only for developed economies, but also for developing economies. Background Citation Herath, S.
Size of government and economic growth: a nonlinear analysis. Economic Annals, 57 , Identity Digital Object Identifier doi Citation Herath, S. Digital Object Identifier doi
Government Expenditure and Economic Growth: An Empirical Analysis of the Armey Curve in Nigeria
Size of government and economic growth: a nonlinear analysis