재정규모와 경제성장의 비선형관계 추정

초록

This study investigates the relationship between government size and economic growth. It is not easy to find the optimal level of government size. It depends upon the perspective, economic model, and criterion of the study. From this study we empirically test this relationship based on the basic production function model with externality of government sector. We also employs many different government size with proper government expenditure. In addition, we consider a non-linear relationship between government size and economic growth. The OECD panel data and Koran time series data are used for this empirical study.

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