Articles liés à The Size of Government: Measurement, Methodology and...

The Size of Government: Measurement, Methodology and Official Statistics - Couverture rigide

Rybacek, Vaclav

 
9781788210102: The Size of Government: Measurement, Methodology and Official Statistics
Couverture rigide
ISBN 10 : 1788210107 ISBN 13 : 9781788210102
Editeur : Agenda Publishing, 2019

Synopsis

The growing economic power of government has prompted many studies to seek to establish the optimum size of government and how it might relate to economic growth, productivity and inflation.

Václav Rybácek examines how these studies have used national accounts and officially published statistics to invariably underestimate the size of government, which has lead to erroneous economic policy recommendations and ultimately to an unrealistic assessment of a government’s ability to meet its debts. The book shows how the methodology of macroeconomic statistics has failed to keep pace with the expansion of government and has misallocated, for example, many public producers in the field of financial services, to the corporate sector. Even central banks conducting government policy are shown to stand outside official figures on the size of government. Similarly, when showing the relative size of government, the choice of denominator, such as GDP, can further lead to underestimating government size.

Drawing on Austrian economic theory, in particular in relation to market operation, the book offers a more robust methodology for the measurement of government, which is then used to recalculate fiscal indicators and GDP in order to present a more appropriate set of data for the analysis of public sector dynamics in the majority of EU countries.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Vaclav Rybacek is an Assistant Professor at Jan Evangelista Purkyne University in Ústí nad Labem and Director of the Macroeconomic Statistics Section at the Czech Statistical Office. He is a research associate of the Liberal Institute, Prague and a member of statistical bodies of the United Nations, OECD and Eurostat on national accounts and government statistics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Agenda Publishing
Date d'édition
2019
Langue
anglais
ISBN 10 
1788210107
ISBN 13 
9781788210102
Reliure
Relié
Nombre de pages
186
Coordonnées du fabricant
non disponible
Personne responsable
non disponible