The examination and evaluation of the size of government and its relation to the growth of economy: a case study on the outlook of regional counties over a span of 10 years (2003-2013).

Mehnatfar, Yousef; Rahimi, S. Neda

The examination and evaluation of the size of government and its relation to the growth of economy: a case study on the outlook of regional counties over a span of 10 years (2003-2013).

Document Type : Review Article

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Abstract

the present study has examined the practical relations between the size of government and the growth of economic outlook in 23 regional countries over a period of 10 years(20032013)by using the model of Panel data. The result has shown that, inasmuch as some of countries enjoy high level of oil income, the size of a government has a negative and also a meaningful impact on the investment of private sector and gross domestic product. On the other hand, the rate of labor force, the rate of capital growth as well as the rate of exports have a positive effect on the growth of economy. The studied countries ,therefore, have to revise the size of charging on their economy to assist the growth of economy by decreasing of their expenses. For the ease of economic growth ,these countries have to function a prominent role in allocating the best possible resources and enhancing the efficient economy.

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