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Sunday, December 11, 2011

The Path to Economic Growth is Less Government Spending -- So Says the ... European Central Bank?


The Study (PDF):

…we analyse a wide set of 108 countries composed of both developed and emerging and developing countries, using a long time span running from 1970-2008, and employing different proxies for government size… Our results show a significant negative effect of the size of government on growth. …Interestingly, government consumption is consistently detrimental to output growth irrespective of the country sample considered (OECD, emerging and developing countries).

The quote above was pulled directly from Dan Mitchell's International Liberty.


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