Government expenditures in the context of economic growth provision in Ukraine
Economic Annals-ХХI: Volume 141, Issue 5-6, Pages: 56-59
Citation information:
Dekhtyar, N., Boyarko, I., & Deyneka, O. (2014). Government expenditures in the context of economic growth provision in Ukraine. Economic Annals-XXI, 5-6, 56-59. https://ea21journal.world/index.php/ea-v141-14/
Nadiya Dekhtyar
PhD (Economics),
Associate Professor,
Ukrainian Academy of Banking of the National Bank of Ukraine
57 Petropavlivska Str., Sumy, 40000, Ukraine
dekhtyar@yandex.ru
Iryna Boyarko
PhD (Economics),
Associate Professor,
Sevastopol Institute of Banking of University of Banking of the
National Bank of Ukraine, Sevastopol, the Autonomous Republic of Crimea
6 Park Str., Sevastopol, 99057, Crimea
boyarko@ukr.net
Olga Deyneka
PhD (Economics),
Associate Professor,
Ukrainian Academy of Banking of the National Bank of Ukraine
57 Petropavlivska Str., Sumy, 40000, Ukraine
deyneka13@ukr.net
Government expenditures in the context of economic growth provision in Ukraine
Abstract. The аuthors article determine the necessity of establishing the direction and character of the interrelations changes of government spending and the level of economic development. The аuthors summarize the scientific and methodological approaches to the interpretation of «government spending» category and also consider how increasing or decreasing of government spending volumes impact on gross domestic product. The analytical calculations of macroeconomic indicators of Ukraine demonstrated the interrelations between changes in the level of public expenditures and economic growth. Consequently, government spending is an important factor in economic growth stimulating in Ukraine through the optimization of its structure and directions of financing.
Keywords: Government Spending; Economic Growth; Public Expenditure Management; Fiscal Policy
JEL Classіfіcatіon: H50
References
- Yusifov, F. G. (2001). Policy of government spending to stabilize the economy. Kaliningrad: Baltic State University of Economy and Finance PH (in Russ.).
- The Verkhovna Rada of Ukraine (2010). The Budget Code of Ukraine (The Law of Ukraine).
Retrieved from http://zakon.nau.ua/doc/?uid=1011.44.22&nobreak=1 (in Ukr.) - Boyarkо, I. N., Dekhtyar, N. A., & Deyneka, O. V. (2013). Government spending in the economy. Sumy: Korpunkt (in Ukr.).
- Barro, R. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics, 106, 407-443.
Retrieved from http://www.hec.unil.ch/ocadot/ECODEVdocs/barro-robert.pdf - Landau, D. (1986). Government Expenditure and Economic Growth in the Less Developed Countries: An Empirical Study for 1960-80. Economic Development & Cultural Change, 36-75.
Retrieved from http://www.econ.uconn.edu/Faculty/landau/landau.htm - Colombier, C. (2011). Does the Composition of Public Expenditure Affect Economic Growth.
Retrieved from http://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=IIPF63&paper_id=292 - Aisa, R., & Pueyo, R. (2006). Government health spending in a model of endogenous longevity.
Retrieved from http://www.eui.eu/Personal/Licandro/VintagePapers/rosaaisa.pdf - The State Treasury Service of Ukraine (2013). Implementation of the State Budget.
Retrieved from http://treasury.gov.ua/main/uk/doccatalog/list?currDir=146477 (in Ukr.)
Received 08.04.2014