Cebula, Cebula , Richard J.; Hung, Chao-Shun Hung; … - In: Economia Internazionale / International Economics 49 (1996) 1, pp. 19-27
This empirical study investigates the Ricardian Equivalence Theorem from the perspective of aggregate personal savings. If the structural deficit is viewed as the expected budget deficit, the results in this study provide empirical support for Ricardian Equivalence behavior. On the other hand,...