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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2139

Title: Government size, composition, volatility and economic growth
Authors: Afonso, António
Furceri, Davide
Keywords: Fiscal Policy
Government Size
Fiscal Volatility
Economic Growth
Issue Date: Jan-2008
Publisher: European Central Bank
Citation: Afonso, António e Davide Furceri . 2008. "Government size, composition, volatility and economic growth". European Central Bank working paper series nº 849-2008
Series/Report no.: European Central Bank working paper series;nº 849-2008
Abstract: 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 revenue and spending, the results point out that i) indirect taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically significant effect on growth.
URI: http://hdl.handle.net/10400.5/2139
ISSN: 1725-2806
Publisher version: http://www.ecb.int/pub/pdf/scpwps/ecbwp849.pdf
Appears in Collections:DE - Documentos de trabalho / Working Papers

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