Do government purchases crowd out investment?

被引：12

作者：

Sarah Beth Link

机构：

[1] Armstrong Atlantic State University,Department of Economics

来源：

Rivista Internazionale di Scienze Economiche e Commerciali | 2006年 / 53卷 / 3期

关键词：

crowd out; investment; federal purchases;

D O I：

10.1007/BF03029784

中图分类号：

学科分类号：

摘要：

The objective of this study is to determine whether federal government purchases negatively impact private investment using times series regression analysis. This study uses quarterly data from the years 1986.1 to 2004.4 in order to provide a relatively contemporary evaluation of the effects of federal purchases on private investment. The empirical results in this study reveal that increases in federal urchases, expressed as a percent of GDP, act to reduce new investment, which provides further support for the theory that government expenditures crowd out private investment. (JEL: E22, E62)

引用

页码：323 / 333

页数：10

共 31 条

[1]

Al-Saji A.(1991)The Impact of Government Budget Deficits on Ex Post Real Long Term Interest Rates in the UK Economia Internazionale 45 158-63

[2]

Al-Saji A.(1993)Government Budget Deficits, Nominal and Ex Ante Real Long Term Interest Rates in the UK Atlantic Economic Journal 21 71-77

[3]

Aschauer D. A.(1989)Does Public Capital Crowd Out Private Capital? Journal of Monetary Economics 24 171-88

[4]

Bahmani-Oskooee M.(1999)Do Federal Budget Deficits Crowd Out or Crowd In Private Investment? Journal of Policy Modeling 20 633-40

[5]

Barro R. J.(1989)The Ricardian Approach to Budget Deficits Journal of Economic Perspectives 3 37-54

[6]

Barth J.(1984)Do Federal Deficits Really Matter? Contemporary Policy Issues 3 79-95

[7]

Iden G.(1975)Crowding Out and Its Critics Federal Reserve Bank of St. Louis 57 2-17

[8]

Russek F.(1988)Federal Government Budget Deficits and Interest Rates: An Analysis for the United States: 1955–1984 Public Finances/ Finances Publiques 43 337-48

[9]

Carlson K. M.(2003)Budget Deficits and Real Interest Rate Yields on Municipal Bonds: Updated Evidence on Causality Atlantic Economic Journal 31 255-65

[10]

Spencer R. W.(1993)Government Budget Deficits and Interest Rates in the United States: Evidence for Closed and Open Economies Public Finance/ Finances Publiques 48 188-209

← 1 2 3 4 →