ეკონომიკურ ზრდაზე სახელმწიფო დანახარჯების გავლენის ეკონომეტრიკული მოდელირება

The Master thesis is about the public expenditure impact on economic growth by considering the case of Georgia. The impact is a diverse and complex process. Moreover, it is directly related to the living standards and economic well-being. Every country strives to improve living standards as well as economic well-being, which is achievable through deliberate and substantiated macroeconomic policy. The latter is specifically important for the countries with developing economies like Georgia.
The thesis aims to determine the relation between these two values and the objective is to define the way current and capital expenditures impact the economic growth by considering the case of Georgia, where the current expenditures are divided into 7 groups: labor remuneration, goods and services, percent, subsidies, grants, social care, and other expenses. Gross Domestic Product is considered as an indicator of economic growth.
The main objective of the study are Gross Domestic Product and public expenditure of Georgia.
The results of the study showed that the relation between current as well as capital expenditure and Economic Growth is directly proportional, and the impact of public expenditure on economic growth is very important.