Choosing Size of Government Under Ambiguity
Infrastructure Spending and Income Taxation
Bibliographic Data
| ID | 9716049 |
|---|---|
| Authors | Charles F Manski (0000-0001-7260-7686, Northwestern University, corresponding author) |
| Year | 2014 |
| Volume | 124 |
| Issue | 576 |
| Pages | 359-376 |
| Publication date | 2014-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12140 |
| OpenAlex | W1487815390 |
| Language | EN |
| Citations received | 4 |
| References cited | 16 |
I examine choice of size of government by a planner who has partial knowledge of population preferences and the productivity of public spending. Focusing on income tax‐financed spending for infrastructure, I examine scenarios where the planner observes the outcome of a status quo policy and uses various decision criteria to choose policy. The analysis shows that the planner can reasonably choose a wide range of spending levels – thus, a society can rationalise having a small or large government. I conclude that to achieve credible conclusions about the desirable size of government, we need to improve current knowledge of preferences and the productivity of spending vastly
Ambiguity · Economic growth · Economics · Government (linguistics · Government spending · Macroeconomics · Market economy · Microeconomics · Outcome (game theory · Planner · Population · Productivity · Public economics · Public policy · Public spending · Status quo · Welfare · Computer Science · Fiscal Policy and Economic Growth · Housing Market and Economics · Local Government Finance and Decentralization
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,36 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |