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Human development and the optimal size of government

Authors
Publisher
Elsevier Inc.
Publication Date
Volume
38
Issue
2
Identifiers
DOI: 10.1016/j.socec.2008.07.015
Keywords
  • Human Development Index (Hdi)
  • Optimal
  • Size
  • Government
Disciplines
  • Political Science

Abstract

Abstract Previous studies have found evidence for an optimal size of government with respect to GDP growth. In this paper, I look at the impact of the size of government consumption expenditures on social welfare as measured by the Human Development Index. Utilizing dynamic GMM estimation in a panel data framework, I find that evidence for an optimal size of government with respect to social welfare.

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