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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18675| Title: | Consumption and Keynesian fiscal policy |
| Keywords: | E21 C33 E62 ddc:330 fiscal policy private consumption government expenditure taxation developing countries Antizyklische Finanzpolitik Öffentliche Ausgaben Schock Gesamtwirtschaftlicher Konsum Schätzung Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the level of government bond yield and the unemployment rate affect that relationship. We use yearly data between 1970 and 2000 for thirty-eight countries, of which half are industrialized and half 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 suggest that they do not have any effects on private consumption. Furthermore, there is no evidence that favors the hypothesis of expansionary fiscal consolidations. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18675 |
| Other Identifiers: | http://hdl.handle.net/10419/18675 ppn:477393810 |
| Appears in Collections: | EconStor |
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