EconPapers    
Economics at your fingertips  
 

Government Size, Composition, Volatility and Economic Growth

Antonio Afonso and Davide Furceri

No 2008/04, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government revenue and spending, the results point out that i) indirect taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically significant effect on growth.

Keywords: Fiscal Policy; Government Size; Fiscal Volatility; Economic Growth. (search for similar items in EconPapers)
JEL-codes: E62 H50 O40 (search for similar items in EconPapers)
Date: 2008-01
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations: View citations in EconPapers (49)

Downloads: (external link)
https://depeco.iseg.ulisboa.pt/wp/wp042008.pdf (application/pdf)

Related works:
Journal Article: Government size, composition, volatility and economic growth (2010) Downloads
Working Paper: Government size, composition, volatility and economic growth (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ise:isegwp:wp42008

Access Statistics for this paper

More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
Bibliographic data for series maintained by Vitor Escaria (vescaria@iseg.ulisboa.pt).

 
Page updated 2024-12-28
Handle: RePEc:ise:isegwp:wp42008