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Measurement Of Market Mechanism, How Big Is Government?

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  • Vaclav RYBACEK

    (Jan Evangelista Purkyne University in Usti nad Labem, Czech Republic)

Abstract

Statistical measurement of government has become, along with the growing extent of government interventionism, one of the main challenges for statisticians. Higgs has dealt with some aspects of how the size of government is commonly expressed (Higgs, 1991; Higgs, 2015). Aim of this comment is to add other relevant facts of methodological nature leading to the underestimation of government in statistics. We consider this issue essential even though rather ignored in the mainstream literature. As it is illustrated in the text, the size of government is apt to be underestimated in official statistics due to the immeasurability of number of interventions, lacking information and the inappropriate treatment of market mechanism suffering from lack of recognition in the relevant studies.

Suggested Citation

  • Vaclav RYBACEK, 2017. "Measurement Of Market Mechanism, How Big Is Government?," Review of Social and Economic Issues, Romanian-American University, vol. 1(4), pages 74-81, march.
    • Handle: RePEc:rau:rseijr:v:1:y:2017:i:4:p:74-81
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    File URL: http://www.rebe.rau.ro/RePEc/rau/rseijr/SP17/RSEI-SP17-A5.pdf
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    References listed on IDEAS

    as
    1. Utz-Peter Reich, 2001. "National Accounts and Economic value," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-51290-0.
    2. Randall G. Holcombe, 2004. "National Income Accounting and Public Policy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 17(4), pages 387-405, December.
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