Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/28879

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 date2014
PublisherSpringer
JournalInternational tax and public finance
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.
TypeArticle
DescriptionPublished online : 22 March 2014
URIhttp://hdl.handle.net/1822/28879
DOI10.1007/s10797-014-9313-4
ISSN0927-5940
1573-6970
Publisher versionhttp://link.springer.com/article/10.1007%2Fs10797-014-9313-4
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

Files in This Item:
File Description SizeFormat 
martins&veiga_2014_ITAX.pdf
  Restricted access
Government size, composition of public expenditure, and economic development468,72 kBAdobe PDFView/Open

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu ORCID