Openness and government size: A new empirical assessment

Helder Ferreira de Mendonça () and Ana Jordânia de Oliveira ()
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Helder Ferreira de Mendonça: Fluminense Federal University
Ana Jordânia de Oliveira: Candido Mendes University
Authors registered in the RePEc Author Service: Helder Ferreira de Mendonça ()

Economics Bulletin, 2019, vol. 39, issue 2, 982-995

Abstract: This paper provides a new empirical assessment of the relationship between openness and government size. Based on a sample of 124 countries for the period from 1980 to 2016, we estimate several panel data regressions. By the use of measures of trade openness, financial openness, and globalization, as well as samples of developing countries and high-income countries, we investigate the validity of compensation and efficiency hypotheses. The findings denote that while financial openness is not relevant to government size, trade openness and globalization cannot be neglected in the case of developing countries.

Keywords: trade openness; financial openness; globalization; government size (search for similar items in EconPapers)
JEL-codes: F4 H5 (search for similar items in EconPapers)
Date: 2019-05-02
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Citations: View citations in EconPapers (8)

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