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This paper explores the determinants of public employment across the world and finds that it is negatively associated with country size (by population) and positively associated with the income level. The findings show that a country's openness to trade is positively associated with public...
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"Recognising the regained importance of fiscal policy over the last two decades, this timely book provides much-needed insight into the manifold changes and challenges of fiscal policy and how it is adapting to the unpredictable nature of the 21st century. Fiscal Policy in a Turbulent Era brings...
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This Paper utilizes 188 countries' world panel data (i.e. Penn World Table, see Heston, Summers and Aten, 2006) available from 1950 to 2003 to inquire the dual side relationships between government size and economic development. On the one hand, the expanse of government activities promotes...
Persistent link: https://www.econbiz.de/10014211712
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...
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