The Evolution and Convergence of the Government Expenditure Composition in the OECD Countries
In the light of models of composition of government expenditure and economic growth and the growing globalization process, we infer that countries should tend to a similar structure of government spending over time. In fact, using Tukey box-plots and σ-convergence we show evidence of an approaching process in the composition of government expenditures in OECD countries for the period 1970--1997. We also identify by means of cluster analysis that most countries are converging towards two different models: one including twelve European and non-European countries and the other composed solely of eight countries of the European Union.
Volume (Year): 119 (2004)
Issue (Month): 1_2 (04)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/public+finance/journal/11127/PS2|
When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:119:y:2004:i:1_2:p:61-72. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.