Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 20, 2023 erstellt
Beschreibung:
Most studies find that larger government is associated with slower long-run growth. However, which elements of government intervention drive the result and if the conclusion applies to all political regimes remains an open question, which this paper addresses. The findings indicate that estimates from authoritarian states are less precise, but not always significantly different from those from electoral democracies. The most robust finding is a substantial cost of increasing transfers and subsidies in the form of slower growth in democracies. The paper ends with a discussion of why democracies in particular suffer from increasing subsidies