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 .
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.
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|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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