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Government for the People :, On the Determinants of the Size of U.S. Government, Tamim Bayoumi, Fernando M. Gonçalves

Label
Government for the People :, On the Determinants of the Size of U.S. Government, Tamim Bayoumi, Fernando M. Gonçalves
Language
eng
Abstract
Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise in education spending. The parallel improvement in tax efficiency helped equate the benefits of higher spending with the costs from higher taxation, in accordance with a marginalist view of the size of government. Looking forward, the retirement of baby boomers appears likely to expand government and lead to a more efficient tax system
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Government for the People :
Nature of contents
dictionaries
Responsibility statement
Tamim Bayoumi, Fernando M. Gonçalves
Series statement
IMF Working Papers
Sub title
On the Determinants of the Size of U.S. Government
Table Of Contents
Contents; I. Introduction; II. Why Did the Federal Government Expand So Much Since 1900?; Figures; 1. Federal Government Revenue, Spending, and Surplus; III. Revenue and Spending in the Postwar Period; A. Graphical Analysis; 2. General Government Revenue, Spending, and Surplus; 3. Federal Government Revenue, Spending, and Surplus; 4. State and Local Government Revenue, Spending, and Surplus; 5. General Government Revenue, Spending, and Surplus- Other Developed Countries; B. The Dynamics of Government Spending and Revenue; IV. Major Components of Government SpendingA. General Government Spending: Guns or Butter?6. General Government Primary Spending Components; 7. Federal Government Primary Spending Components; 8. State and Local Government Primary Spending Components; 9. State and Local Government Consumption and Investment - Education and Other; 10. Federal Transfers to State and Local Government; 11. State and Local Government Social Spending; B. Dynamics of Spending Components; 12. General Government Social Spending and Total Federal Transfers; V. Major Components of Government Revenue; A. Graphical Analysis13. General Government Revenue ComponentsB. Dynamics of Revenue Components; 14. Federal Government Revenue Components; 15. State and Local Government Revenue Components; VI. Concluding Remarks; References; Tables; 1. Historical Data on the Size of U.S. Government; 2. ADF Unit Root Tests: Revenue, Primary Spending and Primary Surplus; 3. ECM Estimates and Granger Causality: Revenue and Spending; 4. ADF Unit Root Tests: Spending Components; 5. ECM Estimates and Granger Causality: Spending Components; 6. ADF Unit Root Tests: Revenue Components7. ECM Estimates and Granger Causality: Revenue Components
Content
Other version