Falvey, Rodney E. (contributor); … - 2001 - [Elektronische Ressource]
analysts control for macroeconomic conditions.
Thus we include a measure of government consumption (Gov’t) and inflation …
(Inflation). Higher levels of government spending would be expected to lower growth
due to higher taxes that reduce saving and … investment, and also possibly through
crowding out
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. We would expect inflation to be negatively related to growth, since it …