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Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
Persistent link: https://www.econbiz.de/10011992297
This paper estimates the government spending multiplier for natural resource-rich low-income countries (LICs). Kraay … government spending multiplier. Our estimates suggest that in the short run, the government spending multiplier is around 0.7 for …
Persistent link: https://www.econbiz.de/10011547618
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012252736
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574
Persistent link: https://www.econbiz.de/10009581789
1970-2010, the one-year spending multiplier is reasonably-precisely estimated to be around 0.4. …
Persistent link: https://www.econbiz.de/10012563977
Using novel data on military spending for 129 countries in the period 1988–2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending,...
Persistent link: https://www.econbiz.de/10012888988
sample of 102 developing countries. The one-year government spending multiplier is reasonably-precisely estimated to be …
Persistent link: https://www.econbiz.de/10012975179
sample of 102 developing countries. The one-year government spending multiplier is reasonably-precisely estimated to be …
Persistent link: https://www.econbiz.de/10012554530
This paper estimates government spending multiplier for natural resource-rich low-income countries (LICs). Our … estimates suggest an absence of natural resource curse in government spending multiplier. In the short run, the government … spending multiplier is around 0.7 for natural resource-rich LICs and 0.43 for all LICs. The government spending has a permanent …
Persistent link: https://www.econbiz.de/10012967304