Visit our Christmas Gift Finder
Click & Collect from 2 Hours
Last Christmas Delivery Dates
Free UK Standard Delivery on orders £20 and over Order in time for Christmas 18th December 2nd Class | 19th December 1st Class Free Click & Collect to shops From 2 hours of your order*
Government Size and Implications for Economic Growth (Hardback)
  • Government Size and Implications for Economic Growth (Hardback)
zoom

Government Size and Implications for Economic Growth (Hardback)

(author)
£19.95
Hardback 100 Pages / Published: 16/10/2010
  • Out of stock

This product is currently unavailable.

  • This item has been added to your basket
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.

Publisher: AEI Press
ISBN: 9780844743271
Number of pages: 100
Dimensions: 229 x 152 mm

You may also be interested in...

Global Shift
Added to basket
£44.99
Paperback
False Economy
Added to basket
£9.99
Paperback
Free Trade under Fire
Added to basket
Is the American Century Over?
Added to basket
Hungry for Trade
Added to basket
£19.99
Paperback
Fair Trade For All
Added to basket
Stress Test
Added to basket
£9.99
Paperback
A Splendid Exchange
Added to basket
The Honourable Company
Added to basket
£12.99
Paperback
Treasure Islands
Added to basket
Power and Plenty
Added to basket
£40.00
Paperback
The Golden Guinea
Added to basket
£16.99
Paperback
Whoops!
Added to basket
£9.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.