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Co-movement of public spending in the G7

Giuseppe Albanese and Salvatore Modica ()

Economics Letters, 2010, vol. 109, issue 2, 121-123

Abstract: The size of government in the G7 countries in the last fifty years follows a common pattern (see the left panel of Fig. 1 below): it grows in the first three decades, and then turns flat at the beginning of the nineties, for all countries alike. We highlight this common pattern in a dynamic factor model, and argue that a satisfactory explanation for it would be desirable.

Keywords: Dynamics; of; government; size; Dynamic; factor; models (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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