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Government size and growth: accounting for economic freedom and globalization

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Author

Summary, in English

We examine the relationship between government size and economic growth, controlling for economic freedom and globalization, and using Bayesian Averaging over Classical Estimates in a panel of rich countries. <p>Countries with big government have experienced above average increases in the KOF globalization index and in the Fraser institute's Economic freedom index. To maintain comparability with earlier studies, we use two sample periods: 1970--1995 and 1970--2005. Government size robustly correlates negatively with growth. We also find some evidence that countries with big government can use economic openness and sound economic policies to mitigate negative effects of big government.

Publishing year

2010

Language

English

Pages

195-213

Publication/Series

Public Choice

Volume

142

Issue

1

Document type

Journal article

Publisher

Springer

Topic

  • Economics

Status

Published

ISBN/ISSN/Other

  • ISSN: 0048-5829