MEASUREMENT OF MARKET MECHANISM, HOW BIG IS GOVERNMENT?

Vaclav Rybacek ()
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Vaclav Rybacek: Jan Evangelista Purkyne University in Usti nad Labem, Czech Republic

Review of Social and Economic Issues, 2017, vol. 1, issue 4, 74-81

Abstract: Statistical measurement of government has become, along with the growing extent of government interventionism, one of the main challenges for statisticians. Higgs has dealt with some aspects of how the size of government is commonly expressed (Higgs, 1991; Higgs, 2015). Aim of this comment is to add other relevant facts of methodological nature leading to the underestimation of government in statistics. We consider this issue essential even though rather ignored in the mainstream literature. As it is illustrated in the text, the size of government is apt to be underestimated in official statistics due to the immeasurability of number of interventions, lacking information and the inappropriate treatment of market mechanism suffering from lack of recognition in the relevant studies.

Date: 2017
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