... economic and social outcomes between big and small government The answer lies in the effect on risk-taking and entrepreneurship of lower marginal tax rates Taking risks is a prerequisite for ... supply-side economists Namely: Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Malta, Netherlands, New Zealand, Norway, Portugal, ... distinguish between the level of output and the long-run growth of output • Section divides the 34 current IMF advanced economies into two groups – those defined as small (with average tax and...