Year of Graduation
Relation of Industry Technological Complexity to Government Expenditure Effects on Economic Growth
Governance of Science, Technology and Innovation
The relation between government spending and economic growth has been discussed for decades and has not yet been clearly articulated. Basically, the problem is being studied what impact government consumption has on economic growth in general terms. Concurrently, we assume that it is highly important to consider government consumption as targeted financial flow to certain industries. In this work, we study how economic effects caused by government consumption of various industries are related to the technological properties of these industries. As a result, we obtained a significant positive correlation between technological characteristics and economic effects, which can be used as selection criteria for increasing government consumption. It can be implemented as a predictive metrics of how the value of GDP changes if the government starts to consume more in a certain industry.