Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059564 | Economics Letters | 2013 | 4 Pages |
Abstract
This paper investigates nonlinear effects of government debt on private consumption. The estimated consumption function shows smooth regime switching depending on the debt-to-GDP ratio, and a higher level of government debt crowds out private consumption to a greater extent.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dooyeon Cho, Dong-Eun Rhee,