Arbeitspapier
Government size and output volatility: New international evidence
This paper re-examines the relationship between government size and output volatility from two perspectives. First, we use a wider international data set of 91 countries over the period 1980-1999 and thus not only the OECD data that have thus far been utilized. Second, we also allow for time series aspect by using panel data estimations. We have two new findings. First, the results from OECD countries about the negative relationship between output volatility and government size cannot be generalized to a wider international data set. Second, the relationship between government size and output volatility seems to be non-linear. More precisely, the negative effect of government size on output volatility is significantly negative only for countries with high and small public sectors.
- Sprache
-
Englisch
- Erschienen in
-
Series: ETLA Discussion Papers ; No. 857
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Fiscal Policy
Fiscal Policies and Behavior of Economic Agents: General
- Thema
-
automatic stabilizers
government size
output volatility
Staatsquote
Volatilität
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koskela, Erkki
Viren, Matti
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of the Finnish Economy (ETLA)
- (wo)
-
Helsinki
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Koskela, Erkki
- Viren, Matti
- The Research Institute of the Finnish Economy (ETLA)
Entstanden
- 2003
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