Economic performance, government size, and institutional quality

被引：31
|
作者：
Afonso, Antonio [1 ,2 ]
Jalles, Joao Tovar [3 ]
机构：
[1] Univ Tecn Lisboa, Dept Econ, UECE Res Unit Complex & Econ, ISEG UTL, Lisbon, Portugal
[2] European Cent Bank, Directorate Gen Econ, Kaiserstr 29, D-60311 Frankfurt, Germany
[3] Nova Sch Business & Econ, Ctr Globalizat & Governance, P-1099032 Lisbon, Portugal
来源：
EMPIRICA | 2016年 / 43卷 / 01期
关键词：
Production function; Institutions; Globalization; GMM; Pooled mean group; Common correlated effects; PUBLIC-SECTOR EFFICIENCY; LONG-RUN GROWTH; HETEROGENEOUS PANELS; CROSS-SECTION; OECD COUNTRIES; FISCAL-POLICY; PRODUCTIVITY; FRAMEWORK; TAXATION; ORIGINS;
D O I：
10.1007/s10663-015-9294-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper studies the empirical link between government size, institutions and economic activity using a panel of 140 countries over 40 years. Our results, robust under different econometric techniques, show mostly a negative effect of government size on output, while institutional quality has generally a positive impact. Moreover, the detrimental effect of government size on economic activity is stronger the lower institutional quality, and the positive effect of institutional quality on output increases with smaller government sizes.
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页码：83 / 109
页数：27
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