Government Footprint

Estimating the Footprint of Government on the Economy (Article)

1. INTRODUCTIONTotal Government Expenditure and the percentage that it represents of the total Gross Domestic Product (GDP) is often taken as a measure of the size of the government’s footprint and its involvement in the economy. A low percentage reflects that the government’s capacity to influence the economy through fiscal instruments is limited, and low …

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