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Abstract(s)
Os Estados-Membros da União Europeia têm tido a preocupação de
reduzirem a dimensão da Administração Pública na economia, a par de a tornar muito
mais eficiente de forma a promover o crescimento económico. Neste artigo analisam-se as
relações entre a despesa pública e o crescimento económico em 14 Estados-Membros da
União Europeia dos 15, com o objectivo de determinar a dimensão óptima das
Administrações Públicas, tendo por base teórica a Curva de Armey. Os resultados, para
o período 1965-2007, sugerem uma dimensão do sector público maximizadora do crescimento
económico de 47,37% e 22,17% do PIB, quando avaliada pelas despesas públicas
totais e o consumo público, respectivamente.
Member States of the European Union have been concerned to reduce the dimension of general government in the economy, along with becoming more efficient in order to promote economic growth. In this article, the relations between the public expenditures and the economic growth are analyzed in 14 Member States of the European Union of the 15, in order to determine the optimal size of the government, having for theorical ground the Armey Curve. The results for the period 1965-2007, suggest a size of government maximizing the economic growth of 47.37% and 22.17% of GDP, when measured by total public expenditure and public consumption, respectively.
Member States of the European Union have been concerned to reduce the dimension of general government in the economy, along with becoming more efficient in order to promote economic growth. In this article, the relations between the public expenditures and the economic growth are analyzed in 14 Member States of the European Union of the 15, in order to determine the optimal size of the government, having for theorical ground the Armey Curve. The results for the period 1965-2007, suggest a size of government maximizing the economic growth of 47.37% and 22.17% of GDP, when measured by total public expenditure and public consumption, respectively.
Description
Keywords
Dimensão óptima da Administração Pública Crescimento económico Curva de Armey Optimal dimension of Public Administration Economic growth Armey curve
Citation
CASTRO, Conceição. The size of public sector and economic growth: a non-linear realationship in the EU 15?. Economia Global e Gestão [online]. 2009, vol.14, n.3 [citado 0000-00-00], pp. 61-75 . Disponível em: <http://www.scielo.mec.pt/scielo.php?script=sci_arttext&pid=S0873-74442009000300005&lng=pt&nrm=iso>. ISSN 0873-7444.