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possible explanation of this differential effect, we explore whether perceived government legitimacy (measured by satisfaction … government may “get away” with being big since legitimacy can affect people’s behavioral response to, and therefore the economic … growth cost of, taxation and government expenditures. On the negative side, legitimacy may make voters less prone to acquire …
Persistent link: https://www.econbiz.de/10010945001
possible explanation of this differential effect, we explore whether government legitimacy (measured by satisfaction with the … economic growth cost of, taxation and government expenditures. On the negative side, perceived legitimacy may make voters less … interacted with government legitimacy, reveals that perceived legitimacy exacerbates a negative growth effect of government size …
Persistent link: https://www.econbiz.de/10011241842
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The paper employs cointegration, Fully-Modified Ordinary Least Squares (FMOLS), Error Correction and the Generalized Method of Moments (GMM) techniques to investigate the relationship between economic growth and financial development using annual time series data (1971-2010) from Ghana. Three...
Persistent link: https://www.econbiz.de/10010939188
Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy …, health's share of aggregate government expenditure in the 170 countries for which data were available averaged 12 percent …. Some of the observed differences in health's share of government spending across countries are unsurprisingly related to …
Persistent link: https://www.econbiz.de/10010754596
Annual growth rates of real GDP in New Zealand have varied widely, from 18% to −8%, since World War II. During this period the tax burden (the ratio of tax revenue to GDP) has trended upward from 23% to 35%. The tax mix (the ratio of indirect taxes to direct taxes) has varied between 0.31 and...
Persistent link: https://www.econbiz.de/10005068091
The recent moves of the Indian economy towards further opening up of the economy with less government control has … government spending differ widely across states. Pooled linear regression model is applied to categorical data containing … fostering economic growth. Three individual dimensions of economic freedom namely size of government, strong rule of law, and …
Persistent link: https://www.econbiz.de/10011154922