Fiscal Policy and Private Sector Saving Behavior in Developing Economies
Tax or debt financing of a given rate of government expenditures would, according to the well-known Ricardian equivalence proposition, have equivalent effects on aggregate demand. Among the sources of a deviation from equivalence is the possibility that the government and the private sector have different planning horizons. The paper finds no empirical support for differing planning horizons across sectors in a group of 16 developing economies and, therefore, rules out such differences as a source of deviation from equivalence.
Year of publication: |
1988
|
---|---|
Authors: | Haque, Nadeem U. |
Published in: |
IMF Staff Papers. - Palgrave Macmillan, ISSN 1020-7635. - Vol. 35.1988, 2, p. 316-335
|
Publisher: |
Palgrave Macmillan |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
A Macroeconometric Model for Developing Countries
Haque, Nadeem U., (1990)
-
“Human Capital Flight”: Impact of Migration on Income and Growth
Haque, Nadeem U., (1995)
-
Fiscal Adjustment in Pakistan: Some Simulation Results
Haque, Nadeem U., (1993)
- More ...