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Government size and growth: accounting for economic freedom and globalization

Författare:
Publiceringsår: 2010
Språk: Engelska
Sidor: 195-213
Publikation/Tidskrift/Serie: Public Choice
Volym: 142
Nummer: 1
Dokumenttyp: Artikel

Sammanfattning

We examine the relationship between government size and economic growth, controlling for economic freedom and globalization, and using Bayesian Averaging over Classical Estimates in a panel of rich countries.

Countries with big government have experienced above average increases in the KOF globalization index and in the Fraser institute's Economic freedom index. To maintain comparability with earlier studies, we use two sample periods: 1970--1995 and 1970--2005. Government size robustly correlates negatively with growth. We also find some evidence that countries with big government can use economic openness and sound economic policies to mitigate negative effects of big government.

Disputation

Nyckelord

  • Law and Political Science
  • Social Sciences

Övriga

Published
Yes
  • ISSN: 00485829

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