کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055159 1371484 2010 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The international effects of government spending composition
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The international effects of government spending composition
چکیده انگلیسی

This paper incorporates a distinction between spending for government employment and spending for non-wage government consumption in a 'new open economy macroeconomics' model. Our results show that a permanent reduction in public employment in one country increases relative private consumption and appreciates the domestic exchange rate. We also compare announced reductions in domestic government employment and consumption, showing that these two policies have the same qualitative effects. When the reduction in public employment is used to finance increased government non-wage spending, the analytical results of the model are ambiguous, but a numerical analysis shows that relative consumption increases for a reasonable parameterization.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 27, Issue 3, May 2010, Pages 631-640
نویسندگان
,