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Crowding-Out and Crowding-In Effects of the Components of Government Expenditure

Stephen M. MillerHabib Ahmed

出版	SSRN, 2013
URL	http://books.google.com.hk/books?id=27XizwEACAAJ&hl=&source=gbs_api

註釋

This article examines the effects of disaggregated government expenditure on investment using fixed- and random-effect methods. Using the government budget constraint, the analysis explores the effects of tax- and debt-financed expenditure for the full sample, and for subsamples of developed and developing countries. In general, tax-financed government expenditure crowds out more investment than debt-financed expenditure. Expenditure on social security and welfare reduces investment in all samples while expenditure on transport and communication induces private investment in developing countries.