{
  "title": "Government Size and Intersectoral Income Fluctuation: An International Panel Analysis",
  "publication": "IMF Working Papers, April 1, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/government-size-and-intersectoral-income-fluctuation-an-international-panel-analysis-20639",
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  "summary": "Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and government size in the open economy setting.",
  "sections": [
    {
      "heading": "Summary and core proposition",
      "content": "- Uses the between-sector variation in income as a new measure of economic uncertainty.\n- Proposes simple models and presents supportive empirical evidence for causal relations between economic uncertainty and government size in the open economy setting."
    },
    {
      "heading": "Key empirical findings",
      "content": "- (1) A larger government reduces economic uncertainty.\n- (2) An economy facing higher uncertainty has a larger government.\n- (3) The government tends to resort to redistributive policies to reduce the uncertainty.\n- (4) Government direct spending is also an effective option for the purpose.\n- (5) Cross-sectional measure of economic uncertainty tends to rise when a country becomes more open to international trade."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Expenditure, Income shocks, Labor, Personal income, Terms of trade\n- Keywords: government spending, open economy, WP"
    },
    {
      "heading": "Authors and publication",
      "content": "- By Daehaeng Kim, Chul-In Lee\n- Publication date: April 1, 2007\n- Series: Working Paper No. 2007/093\n- Issue: 093\n- Volume: 2007\n- Pages: 34"
    },
    {
      "heading": "Identifiers and access",
      "content": "- DOI: https://doi.org/10.5089/9781451866575.001\n- ISBN: 9781451866575\n- ISSN: 1018-5941\n- Stock No: WPIEA2007093\n\nSource: IMF Working Papers — Government Size and Intersectoral Income Fluctuation: An International Panel Analysis\n\n---\n\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/government-size-and-intersectoral-income-fluctuation-an-international-panel-analysis-20639"
    }
  ],
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    "Authors: Daehaeng Kim, Chul-In Lee",
    "Published: April 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866575.001",
    "Uses the between-sector variation in income as a new measure of economic uncertainty.",
    "Proposes simple models and presents supportive empirical evidence for causal relations between economic uncertainty and government size in the open economy setting.",
    "(1) A larger government reduces economic uncertainty.",
    "(2) An economy facing higher uncertainty has a larger government.",
    "(3) The government tends to resort to redistributive policies to reduce the uncertainty.",
    "(4) Government direct spending is also an effective option for the purpose.",
    "(5) Cross-sectional measure of economic uncertainty tends to rise when a country becomes more open to international trade.",
    "Subject: Expenditure, Income shocks, Labor, Personal income, Terms of trade",
    "Keywords: government spending, open economy, WP",
    "By Daehaeng Kim, Chul-In Lee",
    "Publication date: April 1, 2007",
    "Series: Working Paper No. 2007/093",
    "Issue: 093",
    "Volume: 2007",
    "Pages: 34",
    "DOI: https://doi.org/10.5089/9781451866575.001",
    "ISBN: 9781451866575",
    "ISSN: 1018-5941",
    "Stock No: WPIEA2007093"
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