Article ID Journal Published Year Pages File Type
970188 The Journal of Socio-Economics 2009 5 Pages PDF
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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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Human development and the optimal size of government
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