Government Expenditure and Economic Growth: An Empirical Analysis of the Armey Curve in Nigeria
This paper discusses the theoretical and empirical basis for the existence of an optimal size of government as depicted by Armey Curve, which is an inverted U curve, where the size of government is on the horizontal axis and economic growth rate is on the vertical axis. The geometric nature of gover...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE Bucuresti
2014-03-01
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| Series: | Romanian Economic Journal |
| Subjects: | |
| Online Access: | http://www.rejournal.eu/article/government-expenditure-and-economic-growth-empirical-analysis-armey-curve-nigeria |