Churchill, Sefa Awaworyi, Ugur, Mehmet ORCID: https://orcid.org/0000-0003-3891-3641 and Yew, Siew Ling (2016) Does government size affect per-capita income growth? A Hierarchical meta-regression analysis. Economic Record, 93 (300). pp. 142-171. ISSN 0013-0249 (Print), 1475-4932 (Online) (doi:10.1111/1475-4932.12307)

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Abstract

Since the late 1970s, the received wisdom has been that government size (measured as the ratio of total government expenditure to GDP or government consumption to GDP) is detrimental to economic growth. We conduct a hierarchical meta-regression analysis of 799 effect-size estimates reported in 87 primary studies to verify if such assertion is supported by existing evidence. Our findings indicate that the conventional prior belief is supported by evidence mainly from developed countries but not from less developed countries (LDCs). We argue that the negative relationship between government size and economic growth in developed countries may reflect endogeneity bias.

Item Type:	Article
Uncontrolled Keywords:	Economic growth; Government size; Government expenditure; Government consumption; Meta-analysis; Evidence synthesis;
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified:	04 Aug 2021 16:33
URI:	http://gala.gre.ac.uk/id/eprint/16016

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