Showing 1 - 10 of 24,879
root and Westerlund (2007) cointegration tests that account for cross-sectional dependence in the series, and three panel … a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit …' integration, heterogeneous balanced panels and cases of limited evidence of cointegration. The empirical results suggested that …
Persistent link: https://www.econbiz.de/10014310932
New indicators measuring the effects of public spending on inclusive growth have been constructed using recent empirical work by Fournier and Johansson (2016) and a recent public finance dataset (Bloch et al., 2016). A first set of indicators combines information on the mix of public spending....
Persistent link: https://www.econbiz.de/10011914165
consist of current and capital expenditures. To address this question, we employ the VAR model, the Johansen Cointegration …
Persistent link: https://www.econbiz.de/10012817769
We conduct a hierarchical meta-regression analysis to review 87 empirical studies that report 769 estimates for the effects of government size on economic growth. We follow best-practice recommendations for meta-analysis of economics research, and address issues of publication selection bias and...
Persistent link: https://www.econbiz.de/10011283241
We conduct a hierarchical meta-regression analysis to review 87 empirical studies that report 769 estimates for the effects of government size on economic growth. We follow best-practice recommendations for meta-analysis of economics research and address issues of publication selection bias and...
Persistent link: https://www.econbiz.de/10011283840
growth via the channel of globalization. This paper examines the cointegration and causal relationship between trade openness … apply the Johansen cointegration method followed by the Granger causality test to check for robustness of the relationship …
Persistent link: https://www.econbiz.de/10012917757
volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries …
Persistent link: https://www.econbiz.de/10010228789
framework of a dynamic panel data model, using two Generalized method of moments (GMM) estimators to address endogeneity of … explanatory variables in estimation. I find a robust significant negative correlation between government size and economic growth … speed is consistent with those obtained from other growth studies using panel data and the implied capital share is close to …
Persistent link: https://www.econbiz.de/10013039621
Most studies find that larger government is associated with slower long-run growth. However, which elements of government intervention drive the result and if the conclusion applies to all political regimes remains an open question, which this paper addresses. The findings indicate that...
Persistent link: https://www.econbiz.de/10014346283
We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573