The Impact of Fiscal Policy on the Economic Growth of OECD Members Between 1985 and 2015

Authors

  • Oscar Afonso Universidade do Porto, Faculdade de Economia, and CEFUP, Portugal https://orcid.org/0000-0002-9597-9850
  • Paulo Alves Universidade do Porto, Faculdade de Economia, and CEFUP, Portugal
  • Natércia Fortuna Universidade do Porto, Faculdade de Economia, and CEFUP, Portugal https://orcid.org/0000-0002-3251-4001

DOI:

https://doi.org/10.2298/PAN210423014A

Keywords:

Fiscal policy , OECD , Economic growth

Abstract

We aim to evaluate the impact of fiscal policy on the OECD countries' economies between 1985 and 2015. We estimate the impact of fiscal policy using econometric estimation based on panel data. We conclude that government spending on primary expenses and government spending on military are fiscal policies that negatively impact economic growth. In turn, government spending on education and tax revenue have a positive effect on economic growth.

JEL: C23, E62, F43.

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Published

2024-07-02

How to Cite

Afonso, O., Alves, P., & Fortuna, N. (2024). The Impact of Fiscal Policy on the Economic Growth of OECD Members Between 1985 and 2015. Panoeconomicus, 1–21. https://doi.org/10.2298/PAN210423014A

Issue

Forthcoming

Section

Original scientific paper