Government size, composition, volatility and economic growth

被引:207
作者
Afonso, Antonio [1 ,2 ]
Furceri, Davide [3 ,4 ]
机构
[1] European Cent Bank, Directorate Gen Econ, D-60311 Frankfurt, Germany
[2] Univ Tecn Lisboa, ISEG, Dept Econ, UECE Res Unit Complex & Econ, P-1249078 Lisbon, Portugal
[3] OECD, F-75775 Paris 16, France
[4] Univ Palermo, Dept Econ, I-90133 Palermo, Italy
关键词
Fiscal policy; Government size; Fiscal volatility; Economic growth; BUSINESS CYCLES; PUBLIC-SECTOR; FISCAL-POLICY; UNITED-STATES; EXPENDITURE;
D O I
10.1016/j.ejpoleco.2010.02.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 1) indirect taxes (size and volatility) ii) social contributions (size and volatility) in) government consumption (size and volatility) iv) subsidies (size) and v) government investment (volatility) have a sizeable negative and statistically significant effect on growth (C) 2010 Elsevier B V All rights reserved
引用
收藏
页码:517 / 532
页数:16
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