재정지출의 크기 및 구성에 대한천연자본의 영향 = The Influences of Natural Capital on the Size and Composition of Government Expenditures

다국어 초록 (Multilingual Abstract)

A country`s abundant natural resource is not only possible to affect directly the economic growth but also can affect indirectly through government quality. However, the existing literature had focused on the direct relationship between natural resource and economic growth. Using recently released data on natural resources (i.e., natural capital) across countries, this study empirically examines the impacts of natural capital on the government quality, in terms of the size and composition of government expenditures. It is found that the natural capital does not have any statistically significant impacts on the size of government expenditures. Moreover, it is observed that the natural capital does not statistically related with the government expenditures on national defense and government consumption. However, a country`s abundant natural capital is negatively and significantly associated with the government expenditures on education and health, which are closely related to the government quality. Therefore, the empirical results of this study imply that a country`s abundant natural capital may distort the composition of government expenditures and affect the government quality.

참고문헌 (Reference)

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