Title

ECONOMIC GROWTH AND THE EFFECTS OF FISCAL POLICY

Authors

Authors

R. H. Day;C. Y. Yang

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

Metroeconomica

Keywords

Economics

Abstract

The macroeconomic effects of fiscal policy are analyzed using a Keynesian growth model. Comparative static analysis shows that the long-run effects of an increase in public spending and a decrease in taxation on economic growth and government budget balance depend on the relative size of marginal propensity to consume and invest and could be positive under certain conditions. Empirical estimates show that consumption and production structure have changed significantly from 1930s to 2007; both positive and negative effects on growth and budget balance of the same fiscal policy are found in different time periods.

Journal Title

Metroeconomica

Volume

62

Issue/Number

1

Publication Date

1-1-2011

Document Type

Article

DOI Link

http://dx.doi.org/10.1111/j.1467-999X.2010.04108.x

Language

English

First Page

218

Last Page

234

WOS Identifier

WOS:000286061500010

ISSN

0026-1386

Recommended Citation

"ECONOMIC GROWTH AND THE EFFECTS OF FISCAL POLICY" (2011). Faculty Bibliography 2010s. 1234.
https://stars.library.ucf.edu/facultybib2010/1234