Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - 2005
on the growth impact 21
3.2.1 Growth effects of government size 22
3.2.2 Growth effects of taxation and the
spending … reducing total spending, thus enabling reductions of deficits
and taxation. The empirical findings on growth effects of the …-functioning institutions (see e.g., van Rijckeghem and
Weder (2002)). Prohibitive taxation undermines property rights and subsidised public …