Velikost veřejného sektoru a ekonomický růst

The Scope of Government and Economic Growth

Petr Zimčík

Politická ekonomie, 2016, vol. 2016, issue 4, 439-450

Abstract: The aim of this paper is to find a long-term relationship between the economic growth and the size of government. Four different characteristics are used to measure the government size. Total public expenditures, total tax revenues, fi nal government consumption and share of compensation of public workers to overall spending. There are also added control variables and time dummy variable to prevent biased results. The analysis was performed on data from 30 OECD countries from years 1995-2014. Fixed-eff ects panel regression was used to determine relationship between these individual indicators of government size and the economic growth. Main findings of this paper are that change in all indicators is negatively correlated with the growth. Especially in case of final government consumption which indicated the strongest negative relationship.

Keywords: size of government; economic growth; public expenditures; tax revenues; public sector (search for similar items in EconPapers)
JEL-codes: H20 H50 O40 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.polek.1080

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