Size of government and economic growth in the largest Latin American country

被引：11
|
作者：
de Mendonca, Helder Ferreira [1 ,2 ]
Cacicedo, Thiago [3 ]
机构：
[1] Univ Fed Fluminense, Dept Econ, BR-26900000 Rio De Janeiro, Brazil
[2] Natl Council Sci & Technol Dev CNPq, BR-26900000 Rio De Janeiro, Brazil
[3] Univ Fed Rural Rio de Janeiro, Dept Econ, BR-23851970 Rio De Janeiro, Brazil
来源：
APPLIED ECONOMICS LETTERS | 2015年 / 22卷 / 11期
关键词：
O40; E62; C22; government expenditure; economic growth; size of government; Armey curve;
D O I：
10.1080/13504851.2014.987909
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article provides empirical evidence regarding the effect of the size of government on economic growth in the Brazilian economy for the period from January 2000 to March 2013. In particular, an analysis is conducted to see whether the Armey curve fits well for the Brazilian case and the optimal government size is also estimated. The findings indicate that an increase in the size of government contributes to economic growth and that the optimal size for the Brazilian government would be approximately 22% of GDP. Brazil crossed over this limit in 2005.
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页码：904 / 910
页数：7
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