A Nonparametric Estimation on the Relations between Government Public Expenditure and Economic Growth

Abstract:

Based on the panel data of 30 provinces, municipalities and autonomous regions from 1994 to 2008, this paper uses the method of non-parametric estimation to do empirical analysis for the relations of physical capital stock, labor input and government public expenditure with GDP. The research results show that: The elasticity of physical capital stock, labor input and government public expenditure are e different at different times respectively; And the marginal effect of government public expenditure changes with the change of physical capital stock, labor input and government public expenditure.

• Periodical: Applied Mechanics and Materials (Volumes 90-93)
• Pages: 1318-1321
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.90-93.1318
• Online since: September 2011
• Authors: Jing Hui Duan, Jian Bao Chen
• Keywords: Economic Growth, Government Public Expenditure, Nonparametric Estimation, Panel Data Model

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