Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/25537

TitleGovernment size, composition of public expenditure, and economic development
Author(s)Martins, Susana Campos
Veiga, Francisco José
KeywordsEconomic development
Government size
Composition of public expenditure
Human development index
Issue date2013
PublisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
Abstract(s)This paper analyzes the effects of government size and of the composition of public expenditure on economic development. Using the system-GMM estimator for linear dynamic panel data models, on a sample covering up to 156 countries and 5-year periods from 1980 to 2010, we find that government size as a percentage of GDP has a quadratic (inverted U-shaped) effect on the growth rate of the Human Development Index (HDI). This effect is especially pronounced in developed and high income countries. We also find that the composition of public expenditure affects development, with the share of five subcomponents exhibiting non-linear relationships with HDI growth.
TypeWorking paper
URIhttp://hdl.handle.net/1822/25537
Publisher versionhttp://www.nipe.eeg.uminho.pt/Uploads/NIPE_WP_17_2013.pdf
Peer-Reviewedno
AccessOpen access
Appears in Collections:NIPE - Documentos de Trabalho

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