from various countries). Despitethe wide variety of potentialtheoretical relationships between government expenditures …, taxation and growth,most empirical analyses arerestricted to simple linear regressions of growth on some measure of …

To fulfil their tasks, governments rely on public expenditures and taxes. Both influence the incentives and shape the … expenditures and taxes as well as the fiscal stance seem to have some effect in the short run, their long-run implications cannot … effects of government size points at a non-linear relationship: For small governments additional public expenditures seem to …

welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio … constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods …