Crowding-out and crowding-in effects of the components of government expenditure
Опубликовано на портале: 14-11-2003
Contemporary Economic Policy. 2000. No. 18. P. 124-133.
This article examines the effects of disaggregated government expenditure on investment using fixed- and random-effect methods. Using the government budget constraint, the analysis explores the effects of tax- and debt-financed expenditure for the full sample, and for subsamples of developed and developing countries. In general, tax-financed government expenditure crowds out more investment than debt-financed expenditure. Expenditure on social security and welfare reduces investment in all samples while expenditure on transport and communication induces private investment in developing countries.
Директор школы. 1999. № 4. С. 24-30.
Multistage Game Models and Delay Supergames/Nobel Lectures, Economics 1991-1995, World Scientific Publishing Co., Singapore