Purpose – The purpose of this paper is to examine the impact of the size of government and public debt on real economic growth, for a panel of 175 countries around the world. Design/methodology/approach – The paper utilizes the fixed-effects and random-effects techniques to estimate the...

Purpose – The purpose of this paper is to examine the impact of the size of government and public debt on real economic growth, for a panel of 175 countries around the world. Design/methodology/approach – The paper utilizes the fixed‐effects and random‐effects techniques to estimate the...