Does too much government investment retard economic development of a country?
AbstractThe purpose of this paper is to understand how the effect of the government size per capita on the steady-state level of output and on the growth rate differs between LDC’s and developed countries. It is shown that an increase in government size will increase the steady-state level of output if the economy is at a low steady-state (underdeveloped), and will decrease the steady-state level of output if the economy is at a high steady-state (developed).
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Journal of Economic Studies.
Volume (Year): 25 (1998)
Issue (Month): 4 (September)
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- J. Stephen Ferris, 2010. "Fiscal Policy from a Public Choice Perspective," Carleton Economic Papers 10-10, Carleton University, Department of Economics.
- repec:hal:journl:halshs-00654363 is not listed on IDEAS
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"Optimal Government Size and Economic Growth in France (1871-2008): An explanation by the State and Market Failures,"
Documents de travail du Centre d'Economie de la Sorbonne
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- François Facchini & Mickaël Melki, 2011. "Optimal government size and economic growth in France (1871-2008) : An explanation by the State and market failures," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00654363, HAL.
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