All expenditure in the instruction of youth, the promotion of justice, defence of nations, &c. is a consumption of present values for the behoof of the productive powers.
所有关于下一代的教养、公道的促进、国家的防卫等等支出都是对于现有价值的消耗,而目的是在于生产力的增长。
Our theoretical and empirical models give the following conclusions: (1) the total fiscal expenditure correlates negatively to economic growth, the fiscal productive expenditure positively.
通过构建理论模型和经验模型,我们可以得出以下结论:(1)财政支出总水平与经济增长负相关,财政生产性支出与经济增长正相关。
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