Measuring Government Intervention and Estimating Its Effect on Output
Author : Stephen Knowles
Publisher :
Page : 25 pages
File Size : 28,3 MB
Release : 2000
Category : New Zealand
ISBN :
Author : Stephen Knowles
Publisher :
Page : 25 pages
File Size : 28,3 MB
Release : 2000
Category : New Zealand
ISBN :
Author : Virender Gautam
Publisher :
Page : 74 pages
File Size : 15,41 MB
Release : 1997
Category : Agricultural subsidies
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Author : United States. Department of Agriculture. Economic Research Service
Publisher :
Page : 50 pages
File Size : 11,70 MB
Release : 1987
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Author : Economic Research Service, Washington, D.C.
Publisher :
Page : 48 pages
File Size : 25,89 MB
Release : 1987
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Author :
Publisher :
Page : 50 pages
File Size : 24,28 MB
Release : 1987
Category :
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Author : Andreas Bergh
Publisher : Rowman & Littlefield
Page : 82 pages
File Size : 32,19 MB
Release : 2010
Category : Economic development
ISBN : 0844743534
As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries with high taxes enjoy above-average growth, and some countries with small governments have stagnant economies. The Scandinavian welfare states, for example, have enjoyed steady growth over the last decade despite their large governments. However, these nations compensate for high taxes by employing market-friendly policies in other areas, such as trade openness and inflation control. Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis.
Author : Livio Di Matteo
Publisher :
Page : 0 pages
File Size : 22,70 MB
Release : 2014
Category : Business & Economics
ISBN : 9780889752740
Government is the single most pervasive institution of modern life, with all facets affected by public sector activities. Over the last 100 years, government spending around the world has grown in terms of both spending percapita and share of national output. During the twentieth century, the relative size of government grew steadily, with surges during the two world wars. Figure 1.1 shows general government expenditure as a share of national output for the United States, Canada, and the United Kingdom from 1948 to 2011. In 1870, government spending to GDP ratios in these countries were well below 10 percent (Tanzi, 2011: 8), but those ratios had more than tripled by the end of the twentieth century and have continued to grow in the first decade of the twenty-first century.
Author : K. P. Kalirajan
Publisher :
Page : 38 pages
File Size : 31,35 MB
Release : 1990
Category : Business & Economics
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Author :
Publisher :
Page : 72 pages
File Size : 37,58 MB
Release : 1987
Category : Agricultural price supports
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Author : États-Unis. Department of Agriculture. Economic Research Service
Publisher :
Page : 50 pages
File Size : 35,31 MB
Release : 1987
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