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Trade Flows and Fiscal Multipliers
Cacciatore, Matteo - 2020
We present novel insights on the role of international trade following unanticipated government spending and income tax changes in a flexible exchange rate environment. In a simple two-country, two-good model, we show analytically that fiscal multipliers can be larger in economies more open to...
Persistent link: https://www.econbiz.de/10012481200
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Democratization, Elite Capture and Economic Development
Foster, Andrew D.; Rosenzweig, Mark Richard - National Bureau of Economic Research - 2022
We show using a theoretical framework that embeds a voting model in a general-equilibrium model of a rural economy with two interest groups defined by land ownership that the effects of democratization--a shift from control of public resources by the landed elite to a democratic regime with...
Persistent link: https://www.econbiz.de/10012938766
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Business Literacy and Development : Evidence from a Randomized Controlled Trial in Rural Mexico
Calderon, Gabriela - 2013
A large share of the poor in developing countries run small enterprises, often earning low incomes. This paper explores whether the poor performance of businesses can be explained by a lack of basic business skills. We randomized the offer of a free, 48-hour business skills course to female...
Persistent link: https://www.econbiz.de/10012458923
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Does Agriculture Generate Local Economic Spillovers? Short-run and Long-run Evidence from the Ogallala Aquifer
Hornbeck, Richard - 2012
Agricultural development may support broader economic development, though agricultural expansion may also crowd-out local non-agricultural activity. On the United States Plains, areas over the Ogallala aquifer experienced windfall agricultural gains when post-WWII technologies increased farmers'...
Persistent link: https://www.econbiz.de/10012460244
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Trade Linkages and Output-Multiplier Effects : A Structural VAR Approach with a Focus on Asia
Abeysinghe, Tilak - 2001
. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output … multiplier effects are large and significant and can transmit shocks in very different patterns than predicted from a bilateral …-trade matrix. For example, due to these output-multiplier effects, a shock to one country can have a large impact on countries that …
Persistent link: https://www.econbiz.de/10012470116
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Bounded Rationality and Strategic Complementarity in a Macroeconomic Model : Policy Effects, Persistence and Multipliers
Bomfim, Antulio N. - 1996
policy effectiveness, output persistence and multiplier effects …
Persistent link: https://www.econbiz.de/10012473377
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Local Fiscal Multipliers and Fiscal Spillovers in the United States
Auerbach, Alan J. - 2019
We estimate local fiscal multipliers and spillovers for the United States using a rich dataset based on U.S. Department of Defense contracts and a variety of outcome variables relating to income and employment. We find strong positive spillovers across locations and industries. Both backward...
Persistent link: https://www.econbiz.de/10012479413
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Ten Years after the Financial Crisis : What Have We Learned from the Renaissance in Fiscal Research?
Ramey, Valerie A. - 2019
This paper takes stock of what we have learned from the "Renaissance" in fiscal research in the ten years since the financial crisis. I first summarize the new innovations in methodology and discuss the various strengths and weaknesses of the main approaches. Reviewing the estimates, I come to...
Persistent link: https://www.econbiz.de/10012479486
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The Fiscal Multiplier
Hagedorn, Marcus - 2019
We measure the size of the fiscal multiplier using a heterogeneous-agent model with incomplete markets, capital and …We find that market incompleteness is key to determining the size of the fiscal multiplier, which is uniquely … determined in our model for any combination of fiscal and monetary policies of interest. The multiplier is 1.34 if deficit …
Persistent link: https://www.econbiz.de/10012479524
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Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation
Izquierdo, Alejandro - 2019
Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...
Persistent link: https://www.econbiz.de/10012480421