Human development and the optimal size of government |
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| Authors: | Antony Davies |
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| Institution: | 1. John F. Donahue Graduate School of Business, Duquesne University, Pittsburgh, PA, United States;2. The Mercatus Center, Arlington, VA, United States |
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| Abstract: | Previous studies have found evidence for an optimal size of government with respect to GDP growth. In this paper, I look at the impact of the size of government consumption expenditures on social welfare as measured by the Human Development Index. Utilizing dynamic GMM estimation in a panel data framework, I find that evidence for an optimal size of government with respect to social welfare. |
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