Furceri, Davide; Ribeiro, Marcos Poplawski - Economics Department, Organisation de Coopération et … - 2009
The aim of this paper is to analyze the relation between the volatility of government consumption and country size. Using a sample of 160 countries from 1960 to 2000 the main findings of our empirical analysis suggest that: 1) smaller countries have more volatile non-discretionary and...