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Heterogeneous Spending, Heterogeneous Multipliers
Umberto MuratoriPedro JuarrosDaniel Valderrama
出版International Monetary Fund, 2023-03-10
主題Business & Economics / Labor / GeneralBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Public FinanceBusiness & Economics / Economics / General
ISBN9798400233777
URLhttp://books.google.com.hk/books?id=Lc24EAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Do local fiscal multipliers depend on what the government purchases? We find that government purchases of services have larger effects on employment than spending on goods. Industries producing services are more labor-intensive than industries producing goods. This heterogeneity in labor intensity is an important mechanism behind these results. Spending directed toward labor-intensive industries generates stronger increases in employment and labor income relative to spending toward non-labor-intensive industries.