Government Consumption Volatility and the Size of Nations [E-Book] / Davide Furceri and Marcos Poplawski Ribeiro
The aim of this paper is to analyze the relation between the volatility of government consumption and country size. Using a sample of 160 countries from 1960 to 2000 the main findings of our empirical analysis suggest that: 1) smaller countries have more volatile non-discretionary and discretionary...
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Full text |
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Personal Name(s): | Furceri, Davide. |
Poplawski Ribeiro, Marcos. | |
Imprint: |
Paris :
OECD Publishing,
2009
|
Physical Description: |
36 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/225543847282 |
Series Title: |
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OECD Economics Department Working Papers ;
687 |
Keywords: |
Economics |
The aim of this paper is to analyze the relation between the volatility of government consumption and country size. Using a sample of 160 countries from 1960 to 2000 the main findings of our empirical analysis suggest that: 1) smaller countries have more volatile non-discretionary and discretionary government consumption, and also a more volatile government size; 2) the relation between government spending volatility and the size of a country is more negative for more volatile economies; 3) the relation between government consumption volatility and country size is more negative for functions of government spending that are characterized by a high level on non-rivality. The results are robust to different time and country samples, different econometric techniques and to several sets of control variables. |