Analysis of Prior Research Trends on the Financial Safety for Components of Public Spending and Economic Growth

Analysis of Prior Research Trends on the Financial Safety for Components of Public Spending and Economic Growth

Purpose: The primary purpose of this study is to analyze the main content of discussions on the relationship between the size of government spending and economic growth. Furthermore, the secondary purpose of this study is to analyze the main discussion content of the papers that studied the relationship between different items of government expenditure and economic growth. In this way, this study can contribute to exploring the research flow and direction between government spending and economic growth. Method: This study systematically collected and investigated quantitative and qualitative studies that analyzed the relationship between the size of government spending and economic growth and the relationship between government spending items and economic growth. In addition, policy reports and related data on economic data and impact analysis between government spending and economic growth were additionally utilized in addition to the analysis of previous studies. Results: Most of the research so far has focused on the relationship between the size of government spending and economic growth. In other words, it was confirmed that there were not many studies that recognized the differences between government expenditure items and analyzed the different quantitative relationships between different expenditure items and economic growth. Conclusion: In future research, it is necessary to analyze the different impact relationships between government spending items and economic growth, and follow-up studies that can suggest more specific and practical policy implications according to the results. It is also needed to analyze the quantitative relationship between different expenditure items and economic growth at the local government level and to draw implications for the different influence relationships between government spending and economic growth at different levels of government.