Economia
Um texto sobre "tamanho do governo" que me pareceu interessante:
Women Prefer Larger Governments:
Growth, Structural Transformation and Government Size
Tiago V. de V. Cavalcanti† Jos´e Tavares‡
July 2004
Abstract
The increase in income per capita is accompanied, in virtually all countries, by two
changes in the structure of the economy, namely an increase in the share of government
spending in GDP and an increase in female labor force participation. This paper sug-
gests that these two changes are causally related. We develop a growth model where the
structure of the economy is endogenous so that participation in market activities and gov-
ernment size are causally related. Economic growth and rising incomes are accompanied
by a greater incentive for women to engage in labor market activities as the opportunity
cost of staying at home increases. We hypothesize that government spending decreases
the cost of performing household chores such as, but not limited to, child rearing and
child care so that couples decide to engage further in the labor market and chose a higher
tax rate to finance more government spending. Using a wide cross-section of data for
developed and developing countries, we show that higher participation by women in the
labor market are indeed positively associated with larger governments. Furthermore, we
investigate the causal link between the two variables using as instrumental variables a
unique and novel dataset on the relative price of home appliances across OECD coun-
tries and over time. We find strong evidence of a causal link between participation in the
labor market and government size: a 10 percent rise in participation in the labor market
leads to a 7 to 8 percent rise in government size. This e ect is robust to the country
sample, time period, and a set of controls in the spirit of Rodrik (1998). The inclusion
of an endogenous choice of government spending allows a considerable extension of the
model in Galor and Weil (2000) so fertility can either rise or fall and phenomena like the
baby boom and baby bust in Greenwood at el. (2002) can be addressed. In addition, the
paper has important implications for the analysis of the secular as well as cross-country
determinants of government size.
- Entrevista Com Antony Mueller Sobre O Brasil
In Brazil, Free-Market Ideas Rise as the Economy Falls OCTOBER 5, 2015Antony P. MuellerThanks to centuries of government interventionism, Brazil remains mired in a sluggish boom-bust economy, and the government has now squandered the benefits of decades...
- Potencial Feminina
In the next decade nearly 1 billion women are likely to enter the global labour force. But their economic potential is largely unrealised. According to a report by Booz & Company, a consultancy, if female...
- A Dinâmica Da Dívida Pública
There are two things that matter in government-debt dynamics: the difference between real interest rates and GDP growth (r-g), and the primary budget balance as a % of GDP (ie, before interest payments). In any given period the debt stock grows by the...
- Possíveis Impactos Do Quantitative Easing (qe2) Sobre A Economia Americana
Martin Feldstein com a palavra: "At the annual Fed conference at Jackson Hole, Wyoming in August, Fed Chairman Ben Bernanke explained that he was considering a new round of quantitative easing (dubbed QE2), in which the Fed would buy a substantial volume...
-
Religião faz bem à economia? Muito economista confunde as coisas, né? Aposto que alguém já vai pensar em "fanáticos religiosos" dos EUA como autores desta pergunta. Bem, agora não tem jeito, tem de encarar os fatos e contra-argumentar com consistência,...
Economia
Um texto sobre "tamanho do governo" que me pareceu interessante:
Women Prefer Larger Governments:
Growth, Structural Transformation and Government Size
Tiago V. de V. Cavalcanti† Jos´e Tavares‡
July 2004
Abstract
The increase in income per capita is accompanied, in virtually all countries, by two
changes in the structure of the economy, namely an increase in the share of government
spending in GDP and an increase in female labor force participation. This paper sug-
gests that these two changes are causally related. We develop a growth model where the
structure of the economy is endogenous so that participation in market activities and gov-
ernment size are causally related. Economic growth and rising incomes are accompanied
by a greater incentive for women to engage in labor market activities as the opportunity
cost of staying at home increases. We hypothesize that government spending decreases
the cost of performing household chores such as, but not limited to, child rearing and
child care so that couples decide to engage further in the labor market and chose a higher
tax rate to finance more government spending. Using a wide cross-section of data for
developed and developing countries, we show that higher participation by women in the
labor market are indeed positively associated with larger governments. Furthermore, we
investigate the causal link between the two variables using as instrumental variables a
unique and novel dataset on the relative price of home appliances across OECD coun-
tries and over time. We find strong evidence of a causal link between participation in the
labor market and government size: a 10 percent rise in participation in the labor market
leads to a 7 to 8 percent rise in government size. This e ect is robust to the country
sample, time period, and a set of controls in the spirit of Rodrik (1998). The inclusion
of an endogenous choice of government spending allows a considerable extension of the
model in Galor and Weil (2000) so fertility can either rise or fall and phenomena like the
baby boom and baby bust in Greenwood at el. (2002) can be addressed. In addition, the
paper has important implications for the analysis of the secular as well as cross-country
determinants of government size.
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- Entrevista Com Antony Mueller Sobre O Brasil
In Brazil, Free-Market Ideas Rise as the Economy Falls OCTOBER 5, 2015Antony P. MuellerThanks to centuries of government interventionism, Brazil remains mired in a sluggish boom-bust economy, and the government has now squandered the benefits of decades...
- Potencial Feminina
In the next decade nearly 1 billion women are likely to enter the global labour force. But their economic potential is largely unrealised. According to a report by Booz & Company, a consultancy, if female...
- A Dinâmica Da Dívida Pública
There are two things that matter in government-debt dynamics: the difference between real interest rates and GDP growth (r-g), and the primary budget balance as a % of GDP (ie, before interest payments). In any given period the debt stock grows by the...
- Possíveis Impactos Do Quantitative Easing (qe2) Sobre A Economia Americana
Martin Feldstein com a palavra: "At the annual Fed conference at Jackson Hole, Wyoming in August, Fed Chairman Ben Bernanke explained that he was considering a new round of quantitative easing (dubbed QE2), in which the Fed would buy a substantial volume...
-
Religião faz bem à economia? Muito economista confunde as coisas, né? Aposto que alguém já vai pensar em "fanáticos religiosos" dos EUA como autores desta pergunta. Bem, agora não tem jeito, tem de encarar os fatos e contra-argumentar com consistência,...