Davide Furceri, Sinem Kılıç Çelik, Marcos Poplawski-Ribeiro
Government Consumption Volatility and the Size of Nations
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This paper analyzes the relation between government consumption volatility and country size. Using an unbalanced sample of 160 countries from 1960 to 2010, it finds that smaller countries have more volatile government consumption. Moreover, while this relation is more negative for more volatile economies, there is also evidence that smaller countries have more volatile government consumption even controlling for the level of volatility in the economy.