Government size and automatic stabilizers:: international and intranational evidence

被引：154

作者：

Fatás, A ^{[1
]}

Mihov, I ^{[1
]}

机构：

[1] INSEAD, F-77305 Fontainebleau, France

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 2001年 / 55卷 / 01期

关键词：

automatic stabilizers; business cycles; government size; intranational economics;

D O I：

10.1016/S0022-1996(01)00093-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper documents a strong negative correlation between government size and output volatility both for the OECD countries and across US states. This correlation is robust to the inclusion of a large set of controls as well as to alternative methods of detrending and estimation. In the international sample, a one percentage point increase in government spending relative to GDP reduces output volatility by eight basis points. Whereas in the US states the reduction in volatility is significantly larger ranging from 13 to 40 basis points. (C) 2001 Elsevier Science B.V. All rigths reserved.

引用

页码：3 / 28

页数：26