Arbeitspapier
Fiscal Policy and Private Consumption in Industrial and Developing Countries
This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the initial conditions of the economy, such as the financing needs of the government or previous fiscal deficits, affect that relationship. We use yearly data between 1970 and 2000 for forty countries, of which 19 are industrialized and 21 are developing countries. In general, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and developing countries. In the case of tax shocks, the evidence is mixed. Furthermore, there is no evidence that favor the hypothesis of expansionary fiscal consolidations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2003:20
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Macroeconomics: Consumption; Saving; Wealth
Fiscal Policy
- Thema
-
Fiscal policy
Private consumption
Government expenditure
Taxation
Developing countries
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schclarek, Alfredo
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schclarek, Alfredo
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2005
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