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Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
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caused by COVID-19. This study aims to assess the multiplier effects that budget revision has on the economy for the case of … appears that the budget restructuring that takes place during the year does not take into account the multiplier effect in the …
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This paper estimates the government spending multiplier for natural resource-rich low-income countries (LICs). Kraay … government spending multiplier. Our estimates suggest that in the short run, the government spending multiplier is around 0.7 for …
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