The Size of Government and Economic Growth

A. Illarionov and N. Pivovarova.

Voprosy Ekonomiki, 2002, vol. 9

Abstract: Real GDP growth rate is a non-linear function of the size of government. On average, in countries with population of less than 1 mln people an increase in the size of government is associated with an increase in real growth rates, while in countries with population more than 1 mln people it leads to a decline in real growth rates. For Russia, as a rule, the critical level of government expenditures that effectively blocks sustainable economic growth is 36-38% of GDP, and the optimal level of government expenditures that maximizes economic growth is 18 to 21% of GDP.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2002-9-2

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