摘要：This paper provides a new empirical assessment of the relationship between openness and government size. Based on
a sample of 124 countries for the period from 1980 to 2016, we estimate several panel data regressions. By the use of
measures of trade openness, financial openness, and globalization, as well as samples of developing countries and
high-income countries, we investigate the validity of compensation and efficiency hypotheses. The findings denote that
while financial openness is not relevant to government size, trade openness and globalization cannot be neglected in
the case of developing countries.
