haku: @author Dowrick, S. / yhteensä: 6
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| Tekijä: | Dowrick, S. |
| Otsikko: | Estimating the impact of government consumption on growth: growth accounting and endogenous growth models |
| Lehti: | Empirical Economics
1996 : VOL. 21:1, p. 163-186 |
| Asiasana: | ECONOMICS PRODUCTIVITY INVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | Panel data is analyzed on government consumption and GDP growth in 116 countries, 1950-90. The purported positive impact of government growth on GDP growth is due to simultaneity bias. The negative cross-national correlation between government size and economic growth reflects in part an equilibrium relationship. Growth is a non-monotonic function of government size ( measured at current domestic prices). Growth rates are increasing in government consumption expenditures up to a level around 12 percent of GDP. |
SCIMA