. With allowance for other factors holding back GDP growth during those wars, the multiplier linking government purchases to … as well. On the other hand, neoclassical models have a much lower multiplier, because they predict that consumption falls … when purchases rise. The key features of a model that delivers a higher multiplier are (1) the decline in the markup ratio …

taught us about such diverse subjects as the validity of the Permanent Income Hypothesis, the size of the fiscal multiplier …

Tourism is a tradable service activity that could allow some African countries to generate significant growth. Tanzania …, Tanzania receives very few tourists and revenues from tourism. To explore the determinants of this performance, I conduct an …

If there was any time to expect a large peace-time multiplier effect from federal spending in the states, it would have …. Using panel data methods we estimate a multiplier, defined as the change in per capita state economic activity in response … to an additional dollar per capita of federal funds. The state per capita personal income multiplier with respect to per …

government purchases multiplier. But equally crucial is the size of the government purchases multiplicand--the change in … government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic … government purchases multiplier, changes in government purchases have had no material effect on the growth of GDP since the time …

countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rates but is zero …