6533b855fe1ef96bd12b1354
RESEARCH PRODUCT
Co-movement of public spending in the G7
Giuseppe AlbaneseSalvatore Modicasubject
Economics and EconometricsPublic spendingGovernmentPublic economicsMovement (music)Dynamic factorPolitical economyEconomicsDynamics of government size Dynamic factor modelsFinancedescription
Abstract The size of government in the G7 countries in the last fifty years follows a common pattern (see the left panel of Fig. 1 below): it grows in the first three decades, and then turns flat at the beginning of the nineties, for all countries alike. We highlight this common pattern in a dynamic factor model, and argue that a satisfactory explanation for it would be desirable.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2010-11-01 | Economics Letters |