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Growth and the publ...
Growth and the public sector : A reply
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- Agell, Jonas (författare)
- Uppsala universitet,Nationalekonomiska institutionen
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Lindh, Thomas (författare)
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- Ohlsson, Henry, 1956- (författare)
- Uppsala universitet,Nationalekonomiska institutionen
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(creator_code:org_t)
- 1999
- 1999
- Engelska.
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Ingår i: European Journal of Political Economy. - 0176-2680 .- 1873-5703. ; 15:2, s. 359-366
- Relaterad länk:
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http://econpapers.re...
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visa fler...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- Fölster and Henrekson [Fölster, S., Henrekson, M., 1999. Growth and the public sector: A critique of the critics. European Journal of Political Economy 15, 337–358] claim that, by addressing a number of econometric problems, they can establish that it is likely that economies with a large public sector grow more slowly than economies with a small public sector. But their regressions are fundamentally flawed. Re-estimating their growth equation using theoretically valid instruments, we find that the growth effect of the public sector is statistically insignificant, and much smaller than the point-estimates that they report. This is consistent with the agnostic conclusion, drawn by us and others, that cross-country growth regressions are unlikely to provide a reliable answer as to whether a large public sector is growth promoting or retarding.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- economic growth
- public sector
- cross-country regressions
- Nationalekonomi
- Economics
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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