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By Jeff Walter | Posted Tuesday, May 07, 2013 | Charts
This chart is from The Size and Functions of Government and Economic Growth study performed for for the Congressional Joint Economic Committee. The study analyzed the relationship between the size of government and economic growth over a 36 year period for all industrialized countries. The general finding was that as the size of government grew beyond 20% of GDP, economic growth diminished.
If you want to systemically increase economic growth, the size of government needs to be minimized.
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