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and simulate energy intensity based on a conditional convergence approach, and show how based on the results the long …
Persistent link: https://www.econbiz.de/10012542885
The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and e↵ectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...
Persistent link: https://www.econbiz.de/10014532627