Discretionary government consumption, private domestic demand, and crisis episodes

Utilize este identificador para referenciar este registo: https://hdl.handle.net/1822/21355

Título:	Discretionary government consumption, private domestic demand, and crisis episodes
Autor(es):	Agnello, Luca Furceri, Davide Sousa, Ricardo M.
Palavras-chave:	Fiscal policy discretion Crowding-out GDP growth Private consumption Private investment Crowding-in
Data:	2013
Editora:	Springer
Revista:	Open Economies Review
Resumo(s):	This paper analyzes the dynamic impact of discretionary government consumption purchases on private demand. Using a panel of 132 countries from 1960 to 2008, we find that while discretionary changes in government consumption lead to crowding-in effects in the short run, crowding-out effects take over in the medium run. In addition, we also find that both short-term crowding-in and mediumterm crowding out effects are amplified once we control for periods of crisis.
Tipo:	Artigo
URI:	https://hdl.handle.net/1822/21355
DOI:	10.1007/s11079-012-9256-2
ISSN:	0923-7992
Versão da editora:	http://download.springer.com/static/pdf/932/art%253A10.1007%252Fs11079-012-9256-2.pdf?auth66=1355049657_835412fcd1200c5040155c33a4d0c1ef&ext=.pdf
Arbitragem científica:	yes
Acesso:	Acesso restrito UMinho
Aparece nas coleções:	NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica