| Autor: |
Shang-Fen Wu, Shin-Chyang Lee, Cheng-Te Lee |
| Rok vydání: |
2017 |
| Předmět: |
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| Zdroj: |
Australian Economic Papers. 56:219-227 |
| ISSN: |
0004-900X |
| Popis: |
This paper analyses the effects of the size of government on economic growth in a stochastic endogenous growth model involving the supply-side effect and demand-side effect produced by government spending. We show that a rise in the government spending affects economic growth through three channels, including the crowding-out effect, the spin-off effect and the resource mobilisation effect. We demonstrate that there exists an optimal size of government that maximises the economic growth rate. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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