Innovation Economy, Productive Public Expenditure and Economic Growth

2014 ◽  
Vol 65 (4) ◽  
pp. 671-689 ◽  
Author(s):  
Oscar Afonso ◽  
Sara Monteiro ◽  
Maria Thompson
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
Innovation Economy ◽  
Productive Public Expenditure

scholarly journals A GROWTH MODEL FOR THE QUADRUPLE HELIX

2012 ◽  
Vol 13 (5) ◽  
pp. 849-865 ◽  
Author(s):  
Oscar Afonso ◽  
Sara Monteiro ◽  
Maria Thompson
Keyword(s):  
Economic Growth ◽  
Civil Society ◽  
Growth Model ◽  
Public Expenditure ◽  
Government Expenditure ◽  
Theoretical Framework ◽  
Quadruple Helix ◽  
The Relationship ◽  
Productive Public Expenditure ◽  
Productive Government Expenditure

We develop a R&D-based growth model with productive public expenditure in order to frame the Quadruple Helix (QH) innovation concept, based on four helices: Academia & Technological Infrastructures, Firms, Government and Civil Society. Our motivation stems from acknowledgment that the relationship between these four helices and their joint impact on growth is in need of a theoretical framework. We aim to emphasise the importance to economic growth of innovation systems structured on these four helices. The introduced model confirms theoretically the notion that increases in: (i) complementarities between distinct productive units, or (ii) in productive government expenditure, lead to higher growth.

Public Expenditure Profile and Economic Growth in Nigeria: A Cointegration Approach

2012 ◽  
Vol 2 (3) ◽  
pp. 255-259
Author(s):  
Chigbu Chigbu ◽  
◽  
Godwin Chigozie Okpara ◽  
Ike Ugochukwu Ike Ugochukwu
Keyword(s):  
Economic Growth ◽  
Public Expenditure

Questioning the effect of the real exchange rate on growth: new evidence from Mexico

2021 ◽  
Vol 9 (2) ◽  
pp. 253-269
Author(s):  
Florencia Médici ◽  
Augustín Mario ◽  
Alejandro Fiorito
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
Public Expenditure ◽  
Institutional Arrangements ◽  
Relative Price ◽  
The Real ◽  
Empirical Results ◽  
New Evidence

This study provides new evidence showing that the real exchange rate (RER) does not play an important role in the growth of Mexican GDP. Economic growth is not an automatically predetermined result of relative price correction, and it is important to consider distinctive aspects of national institutional arrangements (fiscal and monetary, for example) for understanding theoretical causality of demand. The empirical results show public expenditure is an overlooked variable in regressions where the exchange rate affects product growth. After incorporating public expenditure, the RER impact on growth becomes insignificant. For its part, public expenditure has a positive and significant effect on GDP in the long term. The RER does not lead to greater GDP since exports are not stimulated through price.

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