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There's no evidence needed because it's a political opinion. Efficiency doesn't boils down to having the biggest GDP growth, sometimes it's not at all about the
by JetSpiegel 12y ago
There's no evidence needed because it's a political opinion. Efficiency doesn't boils down to having the biggest GDP growth, sometimes it's not at all about the money.
The HDI is probably a better metric.
- nickff 12y agoDo you have evidence that states with higher government spending as a percentage of the economy have a more quickly increasing (or even a higher) HDI? It seems that efficiency of spending would influence the trajectory of your metric of interest more directly than the metric's current level (this seems obvious to me, but I can explain why in detail, if required). I can think of a few examples which would support your case, and many counterexamples, but would be happy to hear your case. I would also think that a system's efficiency would affect the economy as well as all other indices of interest (though perhaps in varying proportion), as a healthier, happier citizenry or one with more capital goods, and better investments would grow economically as well as in other metrics.