Fiscal policy and private consumption in industrial and developing countries
(2007) In Journal of Macroeconomics 29(4). p.912-939- Abstract
- This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it investigates if the initial financing needs of the government or previous fiscal deficits affect that relationship. We use yearly data between 1970 and 2000 for 40 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 favors the hypothesis of expansionary fiscal consolidations. (c) 2007 Elsevier Inc. All rights reserved.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/966275
- author
- Schclarek Curutchet, Alfredo LU
- organization
- publishing date
- 2007
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- government expenditure, developing countries, taxation, fiscal policy, private consumption
- in
- Journal of Macroeconomics
- volume
- 29
- issue
- 4
- pages
- 912 - 939
- publisher
- Louisiana State University Press
- external identifiers
-
- wos:000251469800015
- scopus:35548987412
- ISSN
- 1873-152X
- DOI
- 10.1016/j.jmacro.2006.03.002
- language
- English
- LU publication?
- yes
- id
- ec2a9eb4-a3f7-4d45-8df1-96273cf3b8c8 (old id 966275)
- date added to LUP
- 2016-04-01 12:26:37
- date last changed
- 2022-01-27 03:49:36
@article{ec2a9eb4-a3f7-4d45-8df1-96273cf3b8c8, abstract = {{This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it investigates if the initial financing needs of the government or previous fiscal deficits affect that relationship. We use yearly data between 1970 and 2000 for 40 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 favors the hypothesis of expansionary fiscal consolidations. (c) 2007 Elsevier Inc. All rights reserved.}}, author = {{Schclarek Curutchet, Alfredo}}, issn = {{1873-152X}}, keywords = {{government expenditure; developing countries; taxation; fiscal policy; private consumption}}, language = {{eng}}, number = {{4}}, pages = {{912--939}}, publisher = {{Louisiana State University Press}}, series = {{Journal of Macroeconomics}}, title = {{Fiscal policy and private consumption in industrial and developing countries}}, url = {{http://dx.doi.org/10.1016/j.jmacro.2006.03.002}}, doi = {{10.1016/j.jmacro.2006.03.002}}, volume = {{29}}, year = {{2007}}, }