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MPCs in an economic crisis : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....

Persistent link: https://www.econbiz.de/10012612848

Growth of public consumption in Austria : testing Wagner's law and Baumol's cost disease

Köppl-Turyna, Monika; Kucsera, Dénes; Neck, Reinhard - 2017

In this paper, we analyze the development of public consumption expenditure in Austria starting in the 1940s. We focus … our attention on two hypotheses as to why public consumption expenditure has been constantly increasing: Wagner's law and … Baumol's cost disease. The estimated income elasticity of demand for public consumption expenditure of 0.85 suggests that …

Persistent link: https://www.econbiz.de/10011718789

Determinants of Chinese government size : an extreme bounds analysis

Gunby, Philip; Jin, Yinghua - 2016

Persistent link: https://www.econbiz.de/10011592820

Tax reform and public spending trade-offs in an endogenous growth model with environmental externality

Jouvet, Pierre-André; Oueslati, Walid - 2002

Persistent link: https://www.econbiz.de/10011598233

Growth, congestion of public goods, and second-best optimal policy

Piras, Romano - 2004

This paper presents a general equilibrium endogenous growth model in which public spending is divided between public productive services and public consumption. A distinguishing feature of the model is the assumption that both components of public spending can be over used and, thus, congested...

Persistent link: https://www.econbiz.de/10011599032