Description: Further DetailsTitle: Government Size and Implications for Economic GrowthCondition: NewISBN-10: 0844743534EAN: 9780844743530ISBN: 9780844743530Publisher: AEI PressFormat: PaperbackRelease Date: 07/16/2010Description: 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.Language: EnglishCountry/Region of Manufacture: USItem Height: 232mmItem Length: 155mmItem Width: 8mmItem Weight: 141gAuthor: Andreas Bergh, Magnus HenreksonGenre: Business & FinanceRelease Year: 2010 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Book Title: Government Size and Implications for Economic Growth
Publication Name: Government Size and Implications for Economic Growth
Title: Government Size and Implications for Economic Growth
ISBN-10: 0844743534
EAN: 9780844743530
ISBN: 9780844743530
Publisher: AEI Press
Format: Paperback
Release Date: 07/16/2010
Release Year: 2010
Language: English
Country/Region of Manufacture: US
Item Height: 232mm
Item Length: 155mm
Item Width: 8mm
Item Weight: 141g
Author: Magnus Henrekson
Genre: Business & Finance
