Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/3780
Título: Economic performance and government size
Autor: Afonso, António
Jalles, João Tovar
Palavras-chave: Growth
Institutions
Fiscal rules
Pooled mean group
Common correlated effects
Data: 2011
Editora: ISEG - Departamento de Economia
Citação: António Afonso e João Tovar Jalles. 2011. "Economic performance and government size". Instituto Superior de Economia e Gestão - DE working papers nº21-2011/DE/UECE
Relatório da Série N.º: DE Working papers;21/2011/DE/UECE
Resumo: We construct a growth model with an explicit government role, where more government resources reduce the optimal level of private consumption and of output per worker. In the empirical analysis, for a panel of 108 countries from 1970-2008, we use different proxies for government size and institutional quality. Our results, consistent with the presented growth model, show a negative effect of the size of government on growth. Similarly, institutional quality has a positive impact on real growth, and government consumption is consistently detrimental to growth. Moreover, the negative effect of government size on growth is stronger the lower institutional quality, and the positive effect of institutional quality on growth increases with smaller governments. The negative effect on growth of the government size variables is more mitigated for Scandinavian legal origins, and stronger at lower levels of civil liberties and political rights. Finally, for the EU, better overall fiscal and expenditure rules improve growth.
URI: http://hdl.handle.net/10400.5/3780
ISSN: 0874-4548
Versão do Editor: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=231090&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2011&_request_checksum_=3c1395346265a9ac4c07b6307180703b54a806d6
Aparece nas colecções:DE - Documentos de trabalho / Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers

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