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Economists Andreas Bergh and Magnus Henrekson have produced a study showing this:
In wealthy countries, where government size is measured as total taxes or total expenditure relative to gross domestic product (GDP), there is a negative correlation between government size and economic growth — where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent.
http://www.aei.org/book/100043
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