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Government size, composition, volatility and economic growth
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Autores
Orientador(es)
Resumo(s)
This paper analyses the effects in terms of size and volatility of government revenue and
spending on growth in OECD and EU countries. The results of the paper suggest that both
variables are detrimental to growth. In particular, looking more closely at the effect of each
component of government revenue and spending, the results point out that i) indirect taxes
(size and volatility); ii) social contributions (size and volatility); iii) government consumption
(size and volatility); iv) subsidies (size); and v) government investment (volatility) have a
sizeable, negative and statistically significant effect on growth.
Descrição
Palavras-chave
Fiscal Policy Government Size Fiscal Volatility Economic Growth
Contexto Educativo
Citação
Afonso, António and Davide Furceri. (2010). "Government size, composition, volatility and economic growth". European Journal of Political Economy, Vol. 26, No. 4: pp. 517-532.
Editora
Elsevier