Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/25537
Título: | Government size, composition of public expenditure, and economic development |
Autor(es): | Martins, Susana Campos Veiga, Francisco José |
Palavras-chave: | Economic development Government size Composition of public expenditure Human development index |
Data: | 2013 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | This paper analyzes the effects of government size and of the composition of public expenditure on economic development. Using the system-GMM estimator for linear dynamic panel data models, on a sample covering up to 156 countries and 5-year periods from 1980 to 2010, we find that government size as a percentage of GDP has a quadratic (inverted U-shaped) effect on the growth rate of the Human Development Index (HDI). This effect is especially pronounced in developed and high income countries. We also find that the composition of public expenditure affects development, with the share of five subcomponents exhibiting non-linear relationships with HDI growth. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/25537 |
Versão da editora: | http://www.nipe.eeg.uminho.pt/Uploads/NIPE_WP_17_2013.pdf |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_17_2013.pdf | NIPE WP-17/2013 | 674,44 kB | Adobe PDF | Ver/Abrir |