Government Size and Implications for Economic Growth

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9780844743530: Government Size and Implications for Economic Growth
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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.

Biografía del autor:

Andreas Bergh is a researcher and teacher in teh School of Economics and Management at Lund University and a research fellow at the Ratio Institute. Magnus Henrekson is Jacob Wallenberg Professor Economics at Stockholm School of Economics and director of the Research Institute of Industrial Economics.

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Andreas Bergh, Magnus Henrekson
Editorial: AEI Press, United States (2010)
ISBN 10: 0844743534 ISBN 13: 9780844743530
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Descripción AEI Press, United States, 2010. Paperback. Estado de conservación: New. 221 x 147 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAZ9780844743530

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Andreas Bergh, Magnus Henrekson
Editorial: AEI Press, United States (2010)
ISBN 10: 0844743534 ISBN 13: 9780844743530
Nuevos Paperback Cantidad: 1
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Descripción AEI Press, United States, 2010. Paperback. Estado de conservación: New. 221 x 147 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAZ9780844743530

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Andreas Bergh, Magnus Henrekson
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Descripción AEI Press. Paperback. Estado de conservación: new. BRAND NEW, Government Size and Implications for Economic Growth, Andreas Bergh, Magnus Henrekson, 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. Nº de ref. de la librería B9780844743530

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Descripción Estado de conservación: New. Depending on your location, this item may ship from the US or UK. Nº de ref. de la librería 97808447435300000000

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Descripción Paperback. Estado de conservación: New. Not Signed; 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 siz. book. Nº de ref. de la librería ria9780844743530_rkm

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Descripción AEI Press, 2010. Estado de conservación: New. 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. Num Pages: 84 pages. BIC Classification: KCL. Category: (G) General (US: Trade). Dimension: 154 x 228 x 8. Weight in Grams: 144. . 2010. Paperback. . . . . . Nº de ref. de la librería V9780844743530

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Bergh, Andreas; Henrekson, Magnus
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Descripción AEI Press. Estado de conservación: New. 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. Num Pages: 84 pages. BIC Classification: KCL. Category: (G) General (US: Trade). Dimension: 154 x 228 x 8. Weight in Grams: 144. . 2010. Paperback. . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780844743530

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Descripción AEI Press, 2010. PAP. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería GB-9780844743530

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