Co-movement of public spending in the G7
AbstractThe size of government in the G7 countries in the last fifty years follows a common pattern (see the left panel of Fig.Â 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 2 (November)
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Web page: http://www.elsevier.com/locate/ecolet
Dynamics of government size Dynamic factor models;
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