in endogenous growth theory, but modified to allow for demand-side constraints. This is a novel approach, given that …

. Together the two effects generate a cumulative process that adds up to a social multiplier explaining how equality multiplies … spending) we test the main predictions of the model and identify a sizeable magnitude of the equality multiplier. We obtain …

responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete … markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes … multiplier is twice as large as the local multiplier because trade linkages propagate the effect of government spending across …

that on investment wears out in the second year. The impact multiplier for income implies a substantial increase in income … due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early …

Accounting Matrix (SAM) database and made a multiplier analysis to explore the linkages and estimate the multiplier coefficients … economy. The multiplier analysis shows that an exogenous shock to the agriculture-based industry has a higher multiplier …