000			02127nab a2200241 c 4500
999			_c149134 _d149134
003			ES-MaIEF
005			20240322143513.0
007			ta
008			240322t2024 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_971552 _aMollick, Andre Varella
245		0	_aEconomic growth before and after the fiscal stimulus of 2008–2009 _bthe role of institutional quality and government size _c Andre Varella Mollick, Andre Coelho Vianna
500			_aResumen.
504			_aBibliografía.
520			_aGovernments implemented fiscal stimulus packages to alleviate the global financial crisis of 2007–2009. Using annual data from 1996 to 2019, we investigate economic growth in a large sample of countries for pre-and post-Global Financial Crisis years. Our approach analyzes the interaction between institutional quality and government size (government expenditures as share of GDP), reinforced by threshold estimations. We document that economies react to government size depending on the quality of the institutions in question. First, fixed effects models indicate higher institutional quality has positive effects on growth, while government size—and its interactions with institutional quality—has negative effects. Second, the coefficients of government size on economic growth are negative with higher institutional quality and become larger in the post-Global Financial Crisis years. These combined results indicate that higher-quality institutions make economies less tolerant of rising government expenditures than lower-quality institutions. Our main findings support institutional quality as the channel through which fiscal policy has real effects. The evidence herein is robust to measures of institutional quality from different databases.
650		4	_950224 _aDESARROLLO ECONOMICO
650		4	_947462 _aINCENTIVOS FISCALES
650		4	_947481 _aINSTITUCIONES
650		4	_933486 _aCALIDAD
700	1		_971553 _aVianna, André Coelho
773	0		_9171454 _oOP 1443/2024/198/1/2 _tPublic Choice _w(IEF)124378 _x 0048-5829 _g v. 198, n. 1-2, January 2024, p. 189-207
942			_cART