Abstract :
The objective of this study is to evaluate and describe the influence of public spending
on economic growth in the Democratic Republic of Congo in the years 1980-2007. In
particular, the purpose is to explain here the role or the impact of the composition of
public spending on economic growth in this country. Several studies have examined the
relationship between public spending and economic growth, but the relationship between
the composition of public spending and induced economic growth is a blueprint for economic analysis that deserves further attention. We have highlighted a non-linear relationship between public spending and economic growth across public expenditure components, thanks to a smooth transition model, the Vector Auto Regresie (VAR) method.
Our results also specify the margins in which the different components of public spending can have a positive and significant impact on economic growth in this country.
JEL Codes: H6, E5, E6, C23, O40
Keyword :
Economic Growth, External Debt, Government Expenditures, Government Revenue