Analysis of the optimal size of the government consumption

The aim of this paper is to investigate the size of the government in 12 OECD countries. Data are gathered from Penn Tables. Clustered robust OLS estimation techniques have been used. The functional form is quadratic is been used, to determine the point where the size of the government is optimal. Government consumption has been used as a proxy variable for government size.

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Year of publication:	2011-07-07
Authors:	Dushko, Josheski ; Darko, Lazarov ; Cane, Koteski
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Government size \| Clustered robust OLS \| quadratic equation \| Armey curve

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E02 - Institutions and the Macroeconomy ; H0 - Public Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009151557