National Tax Journal · 1976 · 79 citations · 1 references
Public AffairsEconomicsPublic PolicyDevelopment EconomicsPublic EconomicsPublic ExpenditureCurrent ExpenditureEconomic GrowthGovernment Consumption ExpenditureGovernment ExpenditureGovernment GrowthPublic Expenditure AnalysisCurrent Expenditure CompositionElasticityElasticity CoefficientsGovernment ExpansionGovernment Expenditure GrowthPublic Expenditure SharesPublic Sector ExpansionSize
In real terms government's share of gross domestic product declined between 1950 and 1970 in a majority of thirteen developed countries studied. Elasticity coefficients below unity were obtained for nine of the thirteen countries, at the level of government consumption (resource-absorbing expenditure); and for eight of the thirteen, at the level of total current expenditure, including transfer payments. In every country examined the price (cost) index of government sendees rose by a greater margin than the price index for GDP. Allowing for data inadequacies, the study suggests that real size of the public sector may have peaked in many mature economies.
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Year book of National Accounts Statistics
Editors Al Abhath · Al-Abhath · 1959 · 57 citations