Services on Demand
Journal
Article
Indicators
Cited by SciELO
Access statistics
Related links
Cited by Google
Similars in SciELO
Similars in Google
Share
Revista Finanzas y Política Económica
Print version ISSN 2248-6046
Abstract
MENDOZA TOLOSA, HENRY ANTONIO and YANES GUERRA, CARLOS ANDRÉS. THE IMPACT OF PUBLIC SPENDING ON REGIONAL ECONOMIC DYNAMICS. Finanz. polit. econ. [online]. 2014, vol.6, n.1, pp.23-41. ISSN 2248-6046. https://doi.org/10.14718/revfinanzpolitecon.2014.6.1.2.
The impact that public spending and investment have upon economic growth in the departments of Colombia is examined using the results of national accounts for the years 2000-2011. Figures for departmental production by activity, along with change over the period and information for the gross public capital are brought together to create a statistical model to assess effects. A data panel model is chosen to relate the existing differences between departments and compare the impact of spending and investment between departments using the available information. Results indicate that public spending and investment play an important role in departmental economic dynamic and that its effect is greater in larger and wealthier departments.
Keywords : Regional economic dynamic; public spending; departmental GDP.