Analysis of the optimal size of the government consumption
AbstractThe aim of this paper is to investigate the size of the government in 12 OECD countries. Data are gathered from Penn Tables. Clustered robust OLS estimation techniques have been used. Also Panel estimation techniques have been applied, FE and RE estimation. The functional form is quadratic is been used, to determine the point where the size of the government is optimal. Government consumption has been used as a proxy variable for government size.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 32983.
Date of creation: 25 Aug 2011
Date of revision:
Government size; Clustered robust OLS; quadratic equation; Armey curve; Panel data; Fixed effect estimation; Random effects estimation; GLS ; Pooled OLS;
Other versions of this item:
- Dushko, Josheski & Darko, Lazarov & Cane, Koteski, 2011. "Analysis of the optimal size of the government consumption," MPRA Paper 32063, University Library of Munich, Germany.
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
- H0 - Public Economics - - General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-05 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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