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Efficient government size: France in the 20th century |
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| Institution: | 1. University of Paris-Sud, Faculté Jean Monnet, 54 Bd. Desgranges, 92330 Sceaux, France;2. University of Paris 1, Centre d''Economie de la Sorbonne, 106-112 Boulevard de L''Hôpital, 75647 Paris Cedex 13, France;1. Comisión Federal para la Protección contra Riesgos Sanitarios (COFEPRIS), Monterrey 33, Colonia Roma, Delegación Cuauhtémoc, México City 06700, Mexico;2. Claremont Graduate University, Division of Politics and Economics, School of Social Science, Policy and Evaluation, 150 East Tenth Street, Claremont, CA 91711, United States |
| Abstract: | The benefits and costs of government suggest an efficient government size. We investigate efficient government size by analyzing the relation between public spending and real GDP for France in the period 1896–2008. The results show a co-integration nonlinear relationship. Our time-series data on France represents one of the longest periods studied in literature. Our empirical findings suggest that efficient government size measured by public spending was reached when public spending was around 30% of GDP. Conclusions point to particularities of countries that suggest efficient government size is specific to different countries. |
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