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- W1984561084 abstract "This article employs a smooth transition autoregressive model to investigate the effects of government size (measured as the share of government consumption expenditure in gross domestic product) on economic growth using South Korea, Malaysia, Singapore, Taiwan and Thailand as sample countries during the period 1961 to 2004. The empirical results reveal that there is a nonlinear relationship among variables for each country except Malaysia and confirm the view of Barro (1990 Barro, R. J. 1990. Government expenditure in a simple model of endogenous growth. Journal of Political Economy, 98: 103–25. [Crossref], [Web of Science ®] , [Google Scholar]) that the government size over a certain threshold will have an adverse impact on economic growth rate for Korea, Taiwan and Thailand. Through the smooth transition autoregressive framework, we find that the estimated threshold of government size is 11% for most countries while the threshold government size of Taiwan is 16% and further conclude that the bigger government size is not really the better." @default.
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- W1984561084 date "2010-09-29" @default.
- W1984561084 modified "2023-09-27" @default.
- W1984561084 title "Government size and economic growth: an application of the smooth transition regression model" @default.
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- W1984561084 doi "https://doi.org/10.1080/13504850902984295" @default.
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