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Government Size and Implications for Economic Growth
Bergh, Andreas; Henrekson, Magnus
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Description for Government Size and Implications for Economic Growth
Paperback. Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis. Num Pages: 84 pages. BIC Classification: KCL. Category: (G) General (US: Trade). Dimension: 154 x 228 x 8. Weight in Grams: 144.
As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries ... Read more
As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
AEI Press United States
Number of pages
84
Condition
New
Number of Pages
84
Place of Publication
Washington DC, United States
ISBN
9780844743530
SKU
V9780844743530
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Bergh, Andreas; Henrekson, Magnus
Andreas Bergh is a researcher and teacher in teh School of Economics and Management at Lund University and a research fellow at the Ratio Institute. Magnus Henrekson is Jacob Wallenberg Professor Economics at Stockholm School of Economics and director of the Research Institute of Industrial Economics.
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