Li, Wenli; Sarte, Pierre-Daniel - Federal Reserve Board (Board of Governors of the … - 2002
the data. These models generally imply: (1) that economic growth must fall with the share of government expenditures in … may even increase, with the share of government expenditures in output across countries. Moreover, discrete permanent … not government expenditures are thought to be productive, and better conform to available empirical evidence. …