The impact of government spending on the private sector : crowding-out versus crowding-in effects

Detalhes bibliográficos
Autor(a) principal: Furceri, Davide
Data de Publicação: 2011
Outros Autores: Sousa, Ricardo M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/13098
Resumo: The aim of this paper is to analyze the impact of government spending on the private sector, assessing the existence of crowding-out versus crowding-in effects. Using a panel of 145 countries from 1960 to 2007, the results suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. Moreover, while the effects do not seem to depend on the different phases of economic cycle, they vary considerably among regions. The results are economically and statistically significant, and robust to several econometric techniques.
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spelling The impact of government spending on the private sector : crowding-out versus crowding-in effectsFiscal PolicyGovernment SpendingCrowding-outCrowding-inSocial SciencesThe aim of this paper is to analyze the impact of government spending on the private sector, assessing the existence of crowding-out versus crowding-in effects. Using a panel of 145 countries from 1960 to 2007, the results suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. Moreover, while the effects do not seem to depend on the different phases of economic cycle, they vary considerably among regions. The results are economically and statistically significant, and robust to several econometric techniques.Fundação para a Ciência e a Tecnologia (FCT)Blackwell Publishing LtdUniversidade do MinhoFurceri, DavideSousa, Ricardo M.20112011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/13098eng1467-643510.1111/j.1467-6435.2011.00518.xhttp://dx.doi.org/ 10.1111/j.1467-6435.2011.00518.xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:31:42Zoai:repositorium.sdum.uminho.pt:1822/13098Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:26:58.721809Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of government spending on the private sector : crowding-out versus crowding-in effects
title The impact of government spending on the private sector : crowding-out versus crowding-in effects
spellingShingle The impact of government spending on the private sector : crowding-out versus crowding-in effects
Furceri, Davide
Fiscal Policy
Government Spending
Crowding-out
Crowding-in
Social Sciences
title_short The impact of government spending on the private sector : crowding-out versus crowding-in effects
title_full The impact of government spending on the private sector : crowding-out versus crowding-in effects
title_fullStr The impact of government spending on the private sector : crowding-out versus crowding-in effects
title_full_unstemmed The impact of government spending on the private sector : crowding-out versus crowding-in effects
title_sort The impact of government spending on the private sector : crowding-out versus crowding-in effects
author Furceri, Davide
author_facet Furceri, Davide
Sousa, Ricardo M.
author_role author
author2 Sousa, Ricardo M.
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Furceri, Davide
Sousa, Ricardo M.
dc.subject.por.fl_str_mv Fiscal Policy
Government Spending
Crowding-out
Crowding-in
Social Sciences
topic Fiscal Policy
Government Spending
Crowding-out
Crowding-in
Social Sciences
description The aim of this paper is to analyze the impact of government spending on the private sector, assessing the existence of crowding-out versus crowding-in effects. Using a panel of 145 countries from 1960 to 2007, the results suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. Moreover, while the effects do not seem to depend on the different phases of economic cycle, they vary considerably among regions. The results are economically and statistically significant, and robust to several econometric techniques.
publishDate 2011
dc.date.none.fl_str_mv 2011
2011-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/13098
url http://hdl.handle.net/1822/13098
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1467-6435
10.1111/j.1467-6435.2011.00518.x
http://dx.doi.org/ 10.1111/j.1467-6435.2011.00518.x
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Blackwell Publishing Ltd
publisher.none.fl_str_mv Blackwell Publishing Ltd
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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