Robust Determinants of Public Sector Size under Uncertainty: The Study of OIC Member Countries (Bayesian Model Averaging approach)
Abstract:
This article examines the robust determinants of public sector (government) size in the Organization of the Islamic Conference (OIC) member countries (includeing Iran) during the years of 1996-2013, under uncertainty of model. For this purpose, is used of the 24 variables that effect on the government size according to theoretical and empirical studies in three categories: economic, political and social variables. Bayesian Model Averaging approach (BMA) is used, due to convenience feature to consider the uncertainty assumption of model. With estimation of 100000 regressions and Bayesian averaging of coefficients, robust determinants of government size are specified. According to the results, population and dependency ratio variables, respectively, with positive and negative symptoms have a certain effect on public sector size. The impact of land area and economic globalization variables on public sector size with a positive sign is relatively important. Coefficients and significant of dummy variables used in the model also shows that countries with a federal structure and countries with presidential systems, have a smaller public sector size and oil-exporting countries, have larger public sector size than the other countries studied.
Language:
Persian
Published:
Quarterly Journal of Quantitative Economics, Volume:13 Issue:4, 2017
Pages:
127 - 162
magiran.com/p1665904  
روش‌های دسترسی به متن این مطلب
اشتراک شخصی
در سایت عضو شوید و هزینه اشتراک یک‌ساله سایت به مبلغ 300,000ريال را پرداخت کنید. همزمان با برقراری دوره اشتراک بسته دانلود 100 مطلب نیز برای شما فعال خواهد شد!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی همه کاربران به متن مطالب خریداری نمایند!