Government Consumption Volatility and the Size of Nations:

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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Beteilige Person: Furceri, Davide (VerfasserIn)
Weitere beteiligte Personen: Poplawski Ribeiro, Marcos (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 2009
Schriftenreihe:OECD Economics Department Working Papers
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Links:https://doi.org/10.1787/225543847282
Zusammenfassung: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
Umfang:1 Online-Ressource (35 Seiten) 21 x 29.7cm
DOI:10.1787/225543847282