Financial Markets, Institutions and Risks (FMIR)

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Economic Growth and the Optimal Size of the Public sector in Jordan
(Sumy State University, 2020) Aljaloudi, J.; Warrad, T.A.
The relationship between the size of public sector and the rate of economic growth has been widely examined empirically in different countries. Most applied studies confirmed the validity of the inverse relationship between the increasing role of the state in the economy, measured by the ratio of public spending to gross domestic product and rates of economic growth. These studies estimated the optimum rate that would guarantee achieving the highest economic growth rates.