Government size, government debt and globalization
- Authors
- Kim, Dong-Hyeon; Suen, Yu-Bo; Lin, Shu-Chin; Hsieh, Joyce
- Issue Date
- 2018
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- Government size; government debt; globalization; heterogeneous panels
- Citation
- APPLIED ECONOMICS, v.50, no.25, pp.2792 - 2803
- Indexed
- SSCI
SCOPUS
- Journal Title
- APPLIED ECONOMICS
- Volume
- 50
- Number
- 25
- Start Page
- 2792
- End Page
- 2803
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/81080
- DOI
- 10.1080/00036846.2017.1409418
- ISSN
- 0003-6846
- Abstract
- This article empirically investigates the effect of globalization on government size and debt. Using panel heterogeneous cointegration techniques to a panel of developing and developed countries, it finds that globalization reduces government size and debt. In terms of components of globalization, government size is found to increase with trade openness but decreases with financial, social and political globalization. On the other hand, government debt increases with financial and trade openness but decreases with social and political globalization. The evidence is robust to different estimation methods and different samples. Our data also indicate unidirectional causality running from globalization measures to government size and debt.
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- Appears in
Collections - College of Life Sciences and Biotechnology > Department of Food and Resource Economics > 1. Journal Articles
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