Boskin on Government and Growth

http://www.futureofcapitalism.com/2011/05/boskin-on-government-and-growth

Stanford economist Michael Boskin looks at the U.S., Canada, the United Kingdom, and France: "What about economic performance, as measured by real GDP per capita? The four countries rank exactly in inverse order of their government spending shares (according to both 2009 and pre-crisis 2007 data), with the US highest, followed by Canada, the UK, and France....The size of the welfare state – and the erosion of incentives to work, save, and invest, owing to high taxes and bloated transfer payments – is a major impediment to faster income growth."

by Editor  |  May 25, 2011 at 10:06 am Related Topics:  Education, Europe, Government Spending, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list