Revisiting the Relationship between Economic Growth and Government Size

Table 2

OLS and 3SLS estimates of coefficients of (4).

Dependent Variable: Gr(𝑌)
Independent Variables	(A)	(B)	(C)
𝐼/𝑌	0.94	1.41	1.43
	(3.55)^**	(6.45)^**	(6.51)^**
Gr(𝐿)	−0.10	0.33𝐸−01	0.25𝐸−01
	(−0.21)	(0.85𝐸−01)	(0.63𝐸−01)
𝑔𝐼/𝑌	0.83	1.46	1.78
	(1.11)	(2.24)^**	(2.71)^**
𝑔𝑐/𝑌	−0.30	−0.54	−0.50
	(−.88)	(−1.80)^*	(−1.66)^*

Notes: 𝑡-ratios are in parentheses, 𝐸 indicates scientific notation.
^**Significant at the 5 percent level.
^*Significant at the 10 percent level.