That there is a trade-off between equityand efficiency (economic growth) is wellknown. Two
models have been developed thatlink government spending and taxation toeconomic …

The absence of economic growth implies the continued existence of poverty and hardship.
The International Monetary Fund (IMF 2001) and others now perceive the prospects for …

Most studies of the relation between economic freedom andgrowth of GDP have found a
positive relation. One problem inthis area is the choice of economic freedom measure. A …

The issue of whether the public sector enhances or retards long-run economic growth has
been debated passionately in recent years. We use meta-analysis to shed light on the issue …

If government spends money in a productive way that generates a sufficiently high rate of
return, the economy will benefit, but this is the exception rather than the rule. There is …

This paper establishes a nonlinear theoretical model and uses panel smoothing transitional
regression to study the optimal levels of government investment and public debt in a growth …

Pushed along by the failures of socialism, the idea that a market economy provides the
foundation for prosperity has gained widespread acceptance in recent years. Many …

The demographic transition toward an aging society is a global phenomenon. An increase in
the aging population directly challenges the government positions and public expenditures …

The Armey curve developed by [Armey, R.(1995). The freedom revolution. Washington, DC:
Rognery Publishing Co.] and [Vedder, RK, & Gallaway, LE (1998). Government size and …

This study looks at some non-conventional determinants of economic growth, with the help
of the newly developed economic freedom index datasets of the Heritage Foundation/Wall …