Public expenditure and private investment: A study of the UK and the USA

被引：5

作者：

Monadjemi, MS

机构：

[1] School of Economics, University of New South Wales, Sydney

来源：

APPLIED ECONOMICS LETTERS | 1996年 / 3卷 / 10期

关键词：

D O I：

10.1080/135048596355844

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The effect of fiscal measures on private investment is examined using variance decompositions derived from the error correction model. The empirical results of the study provide little support for the importance of fiscal measures in explaining variations of private investment. Output and profitability were the only two important variables in explaining forecast error variance of private investment in either country.

引用

页码：641 / 644

页数：4

共 13 条

[1]

ASCHAUER DA, 1985, AM ECON REV, V75, P117

[2] DOES PUBLIC CAPITAL CROWD OUT PRIVATE CAPITAL [J].