SCHCLAREK CURUTCHET ALFREDO
Congresos y reuniones científicas
Título:
Fiscal Policy and Private Consumption in Industrial and Developing Countries
Autor/es:
ALFREDO SCHCLAREK
Lugar:
Bahia Blanca, Argentina
Reunión:
Congreso; I Congreso Nacional de Estudiantes de Postgrado en Economía; 2003
Institución organizadora:
Departamento de Economía, Universidad Nacional del Sur
Resumen:
This paper empirically studies the effects of fiscal policy shocks
on private consumption. Further, it investigates if the initial
financing needs of the government or previous fiscal deficits affect
that relationship. We use yearly data between 1970 and 2000 for
forty countries, of which 19 are industrialized and 21 are
developing countries. In general, the estimation results seem to
indicate that government consumption shocks have Keynesian effects
for both industrial and developing countries. In the case of tax
shocks, the evidence is mixed. Furthermore, there is no evidence
that favor the hypothesis of expansionary fiscal consolidations.