size of government in relation to economic growth

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To this effect, we employ a simple neoclassical growth model of the form, Y/L =f(K, L), where Y/L is GDP per capita or national economic output per capita; K is the capital stock, and L is the labor force. Adapting the function to include government size (G/Y), and openness of the economy (OP) yields: Y/L =f(K, L, G/Y, D, OP)...
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Adapting the function to include government size (G/Y), and openness of the economy (OP) yields: Y/L =f(K, L, G/Y, D, OP). The variables and data are defined as follows. Variables and Data Economic growth is measured as the growth rate of gross domestic product per capita, ( Y/P), where Y is GDP and P is the population...
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