Government for the People : On the Determinants of the Size of U.S. Government /

Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by u percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise...

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Chi tiết về thư mục
Tác giả chính: Bayoumi, Tamim
Tác giả khác: Goncalves, Fernando M.
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2007.
Loạt:IMF Working Papers; Working Paper ; No. 2007/289
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by u percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise in education spending. The parallel improvement in tax efficiency helped equate the benefits of higher spending with the costs from higher taxation, in accordance with a marginalist view of the size of government. Looking forward, the retirement of baby boomers appears likely to expand government and lead to a more efficient tax system.
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Mô tả vật lý:1 online resource (31 pages)
Định dạng:Mode of access: Internet
số ISSN:1018-5941
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students