Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/3589
Título: Linking investment and fiscal policies
Autor: Afonso, António
Jalles, João Tovar
Palavras-chave: Budgetary decomposition
Panel analysis
Causality
Non-linearities
Fiscal-rules
Data: 2011
Editora: ISEG. Departamento de Economia
Citação: Afonso, António, João Tovar Jalles. 2011. "Linking investment and fiscal policies". Instituto Superior de Economia e Gestão - DE Working papers nº 16-2011/DE/UECE.
Relatório da Série N.º: DE Working papers; nº 16-2011/DE/UECE.
Resumo: We assess the relevance of budgetary components for private and public investment using data for a panel of 95 countries for the period 1970-2008, and accounting for the usually encountered econometric pitfalls. Our results show a positive effect attributed to total government expenditures and to public investment in fostering private investment, and negative effects of government expenditure on wages and government consumption spending on private investment. Interest payments and subsidies have a negative effect on both types of investment (particularly in the emerging economies sub-group). Social security spending has a negative effect on private investment for the full and OECD samples, whereas government health spending has a positive and significant impact on private investment.
URI: http://hdl.handle.net/10400.5/3589
ISSN: 0874-4548
Aparece nas colecções:DE - Documentos de trabalho / Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers

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