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N° 2008-17 |
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| September 2008 |
| Government Consumption Volatility and Country Size |
Davide Furceri
Marcos Poplawski Ribeiro |
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| This paper provides empirical evidence showing that smaller countries tend to have more
volatile government consumption for a sample of 160 countries from 1960 to 2000. The
analysis also shows that country size is negatively related to the discretionary part of
government consumption and to the volatilities of most of government consumption items.
The results are robust to different time and country samples, different econometric
techniques and to several sets of control variables. |
Non-technical summary |
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Résumé
non-technique
en français |
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| Full text |
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| Fiscal policy; government size; fiscal volatility; country size |
Keywords |
| E62; H10 |
JEL classification |
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