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WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION

Yıl 2011, Cilt: 3 Sayı: 1, 45 - 54, 01.06.2011

Öz

What is the optimum size of government? When the rule of law and the
establishment of private property rights are taken into consideration, it is clear
that the answer will not be at some 0%. On the other hand, when the experience of
the old Soviet Union, East Germany and North Korea is considered, the answer
will not be at some 100% either. Therefore, extreme points should not be the right
answer. This study offers using normal distribution to answer this question. The
study has revealed the following findings: (i) The total amount of public
expenditures as % of GDP, a) is at minimum level at 4.55% rate, b) is at optimum
level at 13.4% rate, c) is at maximum level at 31.7%. (ii) Thus, as a fiscal rule,
countries should: a) choose the total amount of public expenditures as % of GDP
≤ 31.7% b) target 13.4%. (iii) Tree dimensional (3D) normal distribution
demonstrates that a healthy market system could be built upon a healthy
government system (iv) This approach rejects Wagner’s law. In a healthy growing
economy, optimum government size could be kept at 13.4%. (v) The UK, the USA
and the European countries have been in the Keynesian-Marxist area, which
reduces their average growth.

Kaynakça

  • Afonso, A., L. Schuknecht and Tanzi . (2003), “Public Sector Efficiency: An International
  • Comparison”, European Central Bank Working Paper, No. 242. Armey, R. (1995), “The freedom revolution”, Washington, DC: Rognery Publishing Co.
  • Chao, J. C. P. and Herbert G. (1998), “Optimal Levels of Spending and Taxation in Canada”, In
  • Herbert Grubel, eds. How to use the fiscal surplus Vancouver: The Fraser Institute, 53-68
  • Chen, S. and Lee, C., (2005), “Government Size and Economic Growth in Taiwan: A Threshold
  • Regression Approach”, Journal of Policy Modeling, 27, 1051-1066.
  • Mutascu, M. and Milos M. C. (2009), “Optimal Size Of Government Spending. The Case Of
  • European Union Member States”, Annales Universitatis Apulensis Series Oeconomica, 1, 11. Pevcin, P. (2004), “Does optimal size of government spending exist?”, Paper presented to the EGPA (European Group of Public Administration), 2004 Annual Conference, Ljubljana, p. 12.
  • Sheehey, E. (1993), “The effect of government size on economic growth”, Eastern Economic Journal, 19(3), 321–328.
  • Skouse, Mark, (2001), The Making of Modern Economics, M. E. Sharpe, Armonk, New York.
  • Tanzi, Vito and Ludger Schuknecht (1998), “Can Small Governments Secure Economic and Social Well-being”, In Herbert Grubel, ed. How to use the fiscal surplus Vancouver: The Fraser Institute, 69–92.
  • Vedder, R.K., and Gallaway, L.E., (1998), “Government size and economic growth” Paper prepared for the Joint Economic Committee of the US Congress, pp. 1–15.
  • Witte, Kristof De and Moesen Wim (2009), “Sizing the government”, Public Choice.
Yıl 2011, Cilt: 3 Sayı: 1, 45 - 54, 01.06.2011

Öz

Kaynakça

  • Afonso, A., L. Schuknecht and Tanzi . (2003), “Public Sector Efficiency: An International
  • Comparison”, European Central Bank Working Paper, No. 242. Armey, R. (1995), “The freedom revolution”, Washington, DC: Rognery Publishing Co.
  • Chao, J. C. P. and Herbert G. (1998), “Optimal Levels of Spending and Taxation in Canada”, In
  • Herbert Grubel, eds. How to use the fiscal surplus Vancouver: The Fraser Institute, 53-68
  • Chen, S. and Lee, C., (2005), “Government Size and Economic Growth in Taiwan: A Threshold
  • Regression Approach”, Journal of Policy Modeling, 27, 1051-1066.
  • Mutascu, M. and Milos M. C. (2009), “Optimal Size Of Government Spending. The Case Of
  • European Union Member States”, Annales Universitatis Apulensis Series Oeconomica, 1, 11. Pevcin, P. (2004), “Does optimal size of government spending exist?”, Paper presented to the EGPA (European Group of Public Administration), 2004 Annual Conference, Ljubljana, p. 12.
  • Sheehey, E. (1993), “The effect of government size on economic growth”, Eastern Economic Journal, 19(3), 321–328.
  • Skouse, Mark, (2001), The Making of Modern Economics, M. E. Sharpe, Armonk, New York.
  • Tanzi, Vito and Ludger Schuknecht (1998), “Can Small Governments Secure Economic and Social Well-being”, In Herbert Grubel, ed. How to use the fiscal surplus Vancouver: The Fraser Institute, 69–92.
  • Vedder, R.K., and Gallaway, L.E., (1998), “Government size and economic growth” Paper prepared for the Joint Economic Committee of the US Congress, pp. 1–15.
  • Witte, Kristof De and Moesen Wim (2009), “Sizing the government”, Public Choice.
Toplam 13 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA96FE63CR
Bölüm Makaleler
Yazarlar

Aykut Ekinci Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2011
Yayımlandığı Sayı Yıl 2011 Cilt: 3 Sayı: 1

Kaynak Göster

APA Ekinci, A. (2011). WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION. International Journal of Economics and Finance Studies, 3(1), 45-54.
AMA Ekinci A. WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION. IJEFS. Haziran 2011;3(1):45-54.
Chicago Ekinci, Aykut. “WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION”. International Journal of Economics and Finance Studies 3, sy. 1 (Haziran 2011): 45-54.
EndNote Ekinci A (01 Haziran 2011) WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION. International Journal of Economics and Finance Studies 3 1 45–54.
IEEE A. Ekinci, “WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION”, IJEFS, c. 3, sy. 1, ss. 45–54, 2011.
ISNAD Ekinci, Aykut. “WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION”. International Journal of Economics and Finance Studies 3/1 (Haziran 2011), 45-54.
JAMA Ekinci A. WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION. IJEFS. 2011;3:45–54.
MLA Ekinci, Aykut. “WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION”. International Journal of Economics and Finance Studies, c. 3, sy. 1, 2011, ss. 45-54.
Vancouver Ekinci A. WHAT IS THE OPTIMUM SIZE OF GOVERNMENT: A SUGGESTION. IJEFS. 2011;3(1):45-54.