Public expenditure and economic growth : relationship revisited /
Panda, Ranjan Kumar,
Public expenditure and economic growth : relationship revisited / Ranjan Kumar Panda and Aditya Kumar Patra. - First edition. - vii, 126 pages ; 24 cm.
Includes bibliographical references and index.
Introduction -- Fiscal health of odisha -- Public expenditure in odisha: growth, trend and composition -- Linkage between public expenditure and economic growth of odisha -- Summary and conclusion.
"The rising trend of public expenditure is a common phenomenon in modern times. The relationship between public expenditure and economic growth has been an ongoing debate in the literature of economic development. Two approaches are adopted on this issue, spearheaded by Wagner and Keynes with their apparently contradictory view points on the causal relationship. Wagner considered public expenditure will move in a positive direction with the growth of the economy, on the contrary, Keynes observed that causality runs from public expenditure to economic growth. Present work attempts to revisit the issue with the help of an empirical investigation." -- Back cover
9789388950435
Public expenditure.
Economic development.
Fiscal policy.
India--Economic policy.
HJ7890
336.3 / P192p
Public expenditure and economic growth : relationship revisited / Ranjan Kumar Panda and Aditya Kumar Patra. - First edition. - vii, 126 pages ; 24 cm.
Includes bibliographical references and index.
Introduction -- Fiscal health of odisha -- Public expenditure in odisha: growth, trend and composition -- Linkage between public expenditure and economic growth of odisha -- Summary and conclusion.
"The rising trend of public expenditure is a common phenomenon in modern times. The relationship between public expenditure and economic growth has been an ongoing debate in the literature of economic development. Two approaches are adopted on this issue, spearheaded by Wagner and Keynes with their apparently contradictory view points on the causal relationship. Wagner considered public expenditure will move in a positive direction with the growth of the economy, on the contrary, Keynes observed that causality runs from public expenditure to economic growth. Present work attempts to revisit the issue with the help of an empirical investigation." -- Back cover
9789388950435
Public expenditure.
Economic development.
Fiscal policy.
India--Economic policy.
HJ7890
336.3 / P192p