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The nexus between size and efficacy of government: evidence from OPEC

Journal of Economics and Political Economy

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Field Value
 
Title The nexus between size and efficacy of government: evidence from OPEC
 
Creator AGHELI, Lotfali
 
Subject Government size; Government effectiveness; Trade openness; Oil rents; OPEC
F41; F53; H11; P48.
 
Description Abstract. From classic to modern economic theories, the scope and size of government in economy have been always main topics for economists. The governments have played different roles in a historical context. Provision of public goods is a generally accepted task for all governments. The supply of public goods requires efficient allocation and management of scarce resources. Government efficacy stems from good governance and proper planning and policy-making. This paper aims to bridge from government size to government efficacy the Organization of the Petroleum Exporting Countries (OPEC). To this end, a panel data in the model is estimated during 2002-2015 by using some control variables. Findings indicate a negative relationship between government size and efficacy. In addition, oil rents affect government efficacy negatively. The trade openness result in efficient government. Finally, economic growth has positive effect on result in government effectiveness. According to findings, minimization of government size, injection of oil revenues into Sovereign National Funds (SNFs), adoption of open door policies, and targeting sustainable economic growth give rise to an efficient government.Keywords. Government size, Government effectiveness, Trade openness, Oil rents, OPEC.JEL. F41, F53, H11, P48.
 
Publisher Journal of Economics and Political Economy
Journal of Economics and Political Economy
 
Contributor —
 
Date 2017-09-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEPE/article/view/1370
10.1453/jepe.v4i3.1370
 
Source Journal of Economics and Political Economy; Vol 4, No 3 (2017): September; 275-284
Journal of Economics and Political Economy; Vol 4, No 3 (2017): September; 275-284
2148-8347
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEPE/article/view/1370/1360
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/679
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/680
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/681
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/682
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/683
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/684
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/685
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1370/686
 
Rights Copyright (c) 2017 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0