학술대회자료
Growth and Government
- 한국재정학회(구 한국재정·공공경제학회)
- 한국재정학회 학술대회 논문집
- 2009년도 추계학술대회 논문집
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2009.111 - 20 (20 pages)
- 6
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The size of government is important in promoting economic growth. It may affect total factor productivity or the way physical capital is used in production. From growth regression analysis, we find that including government consumption term increases the speed of convergence. Using panel data, we also tried random parameter estimation using matrix weighted average of GLS and OLS. The result shows different estimates from fixed panel estimation with parameter homogeneity, so we can infer large parameter heterogeneity across countries.
1. Introduction
2. Growth Model: Endogeneous Growth Model
3. Growth Regression: Econometric Model
4. Conclusion
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