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  6. Estimating and Managing of Government Ex ...

Journal of Security and Sustainability Issues

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Estimating and Managing of Government Expenditure in the Selected European Union Countries
Volume 9, Issue 1 (2019), pp. 155–170
Gitana Dudzevičiūtė   Vidmantė Giedraitytė  

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https://doi.org/10.9770/jssi.2019.9.1(12)
Pub. online: 30 September 2019      Type: Article      Open accessOpen Access

Published
30 September 2019

Abstract

This paper has aimed to consider how government expenditure contributes to economic growth by focusing on both the level and composition of government spending, in connection to the dynamics of GDP per capita growth. The investigation covers the period from 1997 to 2017. The authors have applied total expenditure approach analyzing interrelationships between government expenditure and economic growth and division approach examining and comparing the distributions of government expenditure in the selected European Union countries. The authors have applied descriptive statistics, the Pearson’s correlation, intensity rate of structural changes and Finger-Kreinin indicator. The findings have suggested the following: 1) there is no evidence on the relationship between general government expenditure and economic development in the European Union countries; 2) the countries with a greater proportion of productive spending, such as Cyprus, Greece, Lithuania, Hungary, Estonia, Slovakia have a low GDP per capita indicator. Economically strong countries, such as Denmark, France and Sweden have relatively low level of productive expenditure; 3) economically stronger countries have more stable compositions of government expenditure than economically weaker ones; 4) the countries with a similar real GDP per capita have been characterized by more similar government spending structures. As the economic gap between countries grows, divergence in allocation of government spending increases. The findings of this research could provide important guideline for the managing of government expenditure in the European Union countries. Moreover, it can serve as a guideline to a public budget management in the countries under consideration.

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Keywords
correlation analysis government expenditure economic growth intensity of structural changes Finger-Kreinin indicator

JEL
H50 H75 H76 O10 O40

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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