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Cyclical multiplier and zero low bound effects of Government expenditureon economic growth evidence for Greece Constantinos Alexiou, Joseph G. Nellis

By: Alexiou, Constantinos .

Contributor(s): Nellis, Joseph G .

Material type: Article

ArticlePublisher: 2017Subject(s): GASTO PUBLICO

| EFECTO MULTIPLICADOR

| DESARROLLO ECONOMICO

| CICLOS ECONOMICOS

| GRECIA

Contents:

Disponible en línea a través de la Biblioteca de Estudios Fiscales. Resumen. Bibliografía. Conclusión.

In: Australian economic papers v. 56, n. 2, June 2017, p. 119-133Summary: This study explores the impact of government expenditure multipliers on economic growth utilising an Autoregressive Distributed Lag (ARDL) approach. We provide evidence on the short-term dynamics as well as the long-run expenditure multiplier effects on economic growth for the Greek economy over the period1960.2014. We find that the size of the multiplier does not differ substantially over the phases of the business cycle. Our results also indicate that irrespective of the scale of inflation, government expenditure positivelyaffects economic growth, whilst inconclusive evidence is obtained in the case of exceptionally low interest rates.

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Disponible en línea a través de la Biblioteca de Estudios Fiscales. Resumen. Bibliografía. Conclusión.

This study explores the impact of government expenditure multipliers on economic growth utilising an Autoregressive Distributed Lag (ARDL) approach. We provide evidence on the short-term dynamics as well as the long-run expenditure multiplier effects on economic growth for the Greek economy over the period1960.2014. We find that the size of the multiplier does not differ substantially over the phases of the business cycle. Our results also indicate that irrespective of the scale of inflation, government expenditure positivelyaffects economic growth, whilst inconclusive evidence is obtained in the case of exceptionally low interest rates.

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Biblioteca del Instituto de Estudios Fiscales

Cyclical multiplier and zero low bound effects of Government expenditureon economic growth evidence for Greece Constantinos Alexiou, Joseph G. Nellis

By: Alexiou, Constantinos.

Contributor(s): Nellis, Joseph G.

Browsing IEF Shelves Close shelf browser

By: Alexiou, Constantinos .

Contributor(s): Nellis, Joseph G .