The Scope of Government and Economic Growth

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090408" target="_blank" >RIV/00216224:14560/16:00090408 - isvavai.cz</a>

Result on the web

<a href="https://www.vse.cz/polek/1080" target="_blank" >https://www.vse.cz/polek/1080</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18267/j.polek.1080" target="_blank" >10.18267/j.polek.1080</a>

Result language

čeština

Original language name

Velikost veřejného sektoru a ekonomický růst

Original language description

The aim of this paper is to fi nd a long-term relationship between the economic growth and the size of government. Four diff erent characteristics are used to measure the government size. Total public expenditures, total tax revenues, fi nal government consumption and share of compensation of public workers to overall spending. There are also added control variables and time dummy variable to prevent biased results. The analysis was performed on data from 30 OECD countries from years 1995–2014. Fixed-eff ects panel regression was used to determine relationship between these individual indicators of government size and the economic growth. Main fi ndings of this paper are that change in all indicators is negatively correlated with the growth. Especially in case of fi nal government consumption which indicated the strongest negative relationship.

Czech name

Velikost veřejného sektoru a ekonomický růst

Czech description

The aim of this paper is to fi nd a long-term relationship between the economic growth and the size of government. Four diff erent characteristics are used to measure the government size. Total public expenditures, total tax revenues, fi nal government consumption and share of compensation of public workers to overall spending. There are also added control variables and time dummy variable to prevent biased results. The analysis was performed on data from 30 OECD countries from years 1995–2014. Fixed-eff ects panel regression was used to determine relationship between these individual indicators of government size and the economic growth. Main fi ndings of this paper are that change in all indicators is negatively correlated with the growth. Especially in case of fi nal government consumption which indicated the strongest negative relationship.

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Politická ekonomie

ISSN

0032-3233

e-ISSN

—

Volume of the periodical

roč. 64

Issue of the periodical within the volume

č. 4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

439-450

UT code for WoS article

000383516800004

EID of the result in the Scopus database

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