Government Size and Implicatons for Economic Growth - Couverture souple

Bergh, Andreas; Henrekson, Magnus

Couverture souple

ISBN 10 : 0844743534 ISBN 13 : 9780844743530

Editeur : AEI Press, 2010

Synopsis

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 with high taxes enjoy above-average growth, and some countries with small governments have stagnant economies. The Scandinavian welfare states, for example, have enjoyed steady growth over the last decade despite their large governments. However, these nations compensate for high taxes by employing market-friendly policies in other areas, such as trade openness and inflation control. 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.

A propos du livre

À propos des auteurs

Anupam B. Jena is a resident in the Department of Medicine, Massachusetts General Hospital, Harvard Medical School, and a visiting fellow at the Bing Center for Health Economics at the RAND Corporation.

Tomas J. Philipson is the Daniel Levin Professor of Public Policy Studies at the Irving B. Harris Graduate School of Public Policy Studies and a former economic advisor to the U.S. Food and Drug Administration and the Centers for Medicare and Medicaid Services.

Eric C. Sun is a resident in the Department of Anesthesiology at Stanford University and a visiting fellow at the Bing Center for Health Economics at the RAND Corporation.

Détails de l'édition

• Éditeur: AEI Press
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 0844743534
• ISBN 13: 9780844743530
• Reliure: Broché
• Nombre de pages: 84
• Coordonnées du fabricant: non disponible
• Personne responsable: gpsr@libri.de; gpsr@libri.de; ; Europaallee 1; Bad Hersfeld; 36244; Allemagne