Effect of public expenditure on private expenditure in Mexico
Traditionally, the analysis of the impact of public expenditure has been performed via graphical evaluation and simple econometric exercises. In this document we present detailed econometric analysis of the relationship between said variables. In particular, we evaluate the existence of a crowding o...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2005 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | español |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/164 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/164 |
| Access Level: | acceso abierto |
| Palabra clave: | consumption investment crowding out long-run and short-run effects C32 E21 E22 E62 consumo inversión gasto público desplazamiento efectos de corto y largo plazo |
| Sumario: | Traditionally, the analysis of the impact of public expenditure has been performed via graphical evaluation and simple econometric exercises. In this document we present detailed econometric analysis of the relationship between said variables. In particular, we evaluate the existence of a crowding out effect of public consumption and investment on private consumption and investment for the period 1980:I – 2002:II. The econometric results indicate that public investment crowds out private investment in the short-run but complements it in the long-run. In the case of private consumption we find statistically significant evidence of crowding out during the period of analysis. |
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