Federalists, led by Hamilton and Adams, wanted a powerful national government to push for aggressive economic development.
Republicans, led by Jefferson and Madison, wanted a small national government to leave the citizens mostly free of taxation or government interference.
I would have favored Federalists who wanted a powerful national government to push for aggressive economic development because if we look at China,they have a strong national government and have pushed for strong economic development.China has progressed very fast in the last 30 years or so. 100 million people have jumped from lower class to middle class and have started paying higher taxes.China has grown faster than any other country in the world and they have lot of surplus funds as they export their stuff to almost all the countries in the world.