International records / OpenAlex research

Economic Growth And Public Expendture: Country Specific Test Of The Armey Curve Hypothesis In Nigeria And Ghana

The massive spending programs adopted by many countries around the world in response to the economic crisis of 2008 have drawn renewed attention to the role of government in an economy. Studies of the relationship between government size and economic growth in most countries of the world have come up with a wide range of estimates of the optimal or growth maximizing size of government, ranging between 15 to 30% of Gross Domestic Product (GDP). These studies discovered the optimal size of government for the various countries using the theoretical framework of Armey Curve Hypothesis which theori…