South-East European Research Centre (SEERC)

It is beyond any shadow of a doubt that both public and private actions (complementing one another) are equally important towards sustained economic growth. The proposed study by adopting a pro-state framework will investigate empirically amidst others the hypothesis that social expenditures contribute positively towards economic growth. It is envisaged that the evidence generated will bolsters up the notion that the state through various forms of public spending can affect economic growth in a positive way.