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Oil Price Shocks and Economic Growth in Oil-Exporting Countries : Does the Size of Government Matter?
Emamgholi, Amir S. Sadeghi - 2018
This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...
Persistent link: https://www.econbiz.de/10012929923
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Fiscal Multipliers and Informality
Colombo, Emilio; Furceri, Davide; Pizzuto, Pietro; … - 2022
This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 … size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional …. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and …
Persistent link: https://www.econbiz.de/10014083505
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Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
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/10012831612
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Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria
Elkhdari, Maria - 2018
At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issueof fiscal multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipliersfor Algeria applying several econometric methodologies, including Local...
Persistent link: https://www.econbiz.de/10012913901
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Fiscal Multipliers During Pandemics
Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10014079424
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Fiscal Policy Effectiveness in a Small Open Economy : Estimates of Tax and Spending Multipliers in Paraguay
David, Antonio C. - 2017
is that the balanced budget multiplier for Paraguay i.e. the effect of on output of an increase in expenditures (in …
Persistent link: https://www.econbiz.de/10012957837
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The Impact of r-g on the Euro-Area Government Spending Multiplier
di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021
-called r-g. Whether the fiscal shock occurs when r-g is positive or negativematters for the size of the multiplier. Median … multiplier is inversely correlated with r-g. The calculationsare based on the estimates of a factor-augmented interacted panel …
Persistent link: https://www.econbiz.de/10013243042
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Medium-Term Fiscal Multipliers During Protracted Recessions
Dell'Erba, Salvatore - 2015
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on Jorda's (2005) local projection methodology, we find...
Persistent link: https://www.econbiz.de/10013031164
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Evaluating Changes in the Transmission Mechanism of Government Spending Shocks
Rebei, Nooman - 2017
We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption; however, this relation is reverted in the latest periods....
Persistent link: https://www.econbiz.de/10012956500
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Would Population Aging Change the Output Effects of Fiscal Policy?
Honda, Jiro - 2020
Would population aging affect the effectiveness of fiscal stimulus? Despite the renewed focus on population aging, there are few empirical studies on the output effects of fiscal policy in aging economies. Our study fills this gap by analyzing this issue in OECD countries. We find that, as...
Persistent link: https://www.econbiz.de/10012828221