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Purpose One of the main theories regarding the relationship between government expenditure and gross domestic product (GDP) is Wagner's law. This law was developed in the late-19th century by Adolph Wagner (1835-1917), a prominent German economist, and depicts that an increase in government...
Persistent link: https://www.econbiz.de/10012615345
There exists a positive correlation between an economy's exposure to international trade and the size of its government. The correlation holds for most measures of government spending, in low- as well as high-income samples, and is robust to the inclusion of a wide range of controls. One...
Persistent link: https://www.econbiz.de/10014213429
In this paper, we study the effect of women's suffrage on government expenditure in Swiss cantons. Based on the institutionally induced change in the electorate, we analyse the relationship between politically represented preferences and the outcome of the political process. Women, on average,...
Persistent link: https://www.econbiz.de/10014068722
Persistent link: https://www.econbiz.de/10010416753
Public expenditure is a catalyst of economic growth, especially in a federal economy like India. When the magnitude and … influencing them emerges as a vital area of research. Given the fact that India has been witnessing a rapid economic growth with … any significant role towards such achievement. Thus, the present paper tries to examine the influence of India's public …
Persistent link: https://www.econbiz.de/10013076163
The relative size of the State in industrialized economies has increased dramatically during the past century giving rise to legitimate fears that such a trend might end up having an adverse impact on growth. This paper explores the relationship between the development of government activities...
Persistent link: https://www.econbiz.de/10009307545
We study a demand-driven growth and distribution model with a public sector, both without and with government debt. Government spending is used to finance the accumulation of public capital and to pay wages to public employees. The interaction between public capital and induced technical change...
Persistent link: https://www.econbiz.de/10011390426
This paper develops endogenous growth models in which the government uses income taxation to finance different types of public services, public investment, or both. The paper then assesses the merits of business perceptions of alternative fiscalpolicy related growth constraints as guides for...
Persistent link: https://www.econbiz.de/10003817700
This paper assesses the effects of fiscal policy on both equity and growth, specifically whether it is possible to design fiscal spending so that it enhances equity without sacrificing economic growth and vice versa. A cross-country panel vector autoregression (PVAR) using the World Development...
Persistent link: https://www.econbiz.de/10010463622
We assess the fiscal composition-growth nexus, using a large country panel, accounting for the usually encountered econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative effects. The same is true for the OECD with the addition...
Persistent link: https://www.econbiz.de/10013086537