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Crowding-out and crowding-in effects of the components of government expenditure.

Ahmed, Habib and Miller, Stephen M. (2000) 'Crowding-out and crowding-in effects of the components of government expenditure.', Contemporary economic policy., 18 (1). 124-133 .

Abstract

This article examines the effects of disaggregated government expenditure on investment using fixed- and random-effect methods. Using the government budget constraint, the analysis explores the effects of tax- and debt-financed expenditure for the full sample, and for subsamples of developed and developing countries. In general, tax-financed government expenditure crowds out more investment than debt-financed expenditure. Expenditure on social security and welfare reduces investment in all samples while expenditure on transport and communication induces private investment in developing countries.

Item Type:Article
Full text:Full text not available from this repository.
Publisher Web site:http://dx.doi.org/10.1111/j.1465-7287.2000.tb00011.x
Date accepted:No date available
Date deposited:No date available
Date of first online publication:January 2000
Date first made open access:No date available

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