Abstract
Most empirical studies of the fiscal effects on economic growth are of two types. One set, the focus of most applied public finance, estimates the partial effects of changes in specific government expenditures or tax provisions, based on the data from one country. For example, see Aschauer (1990) and Jorgenson and Yun (1990). The other set, the focus of several recent studies, estimates the effects of changes in highly aggregated fiscal conditions, based on cross-country data. For example, see Barro (1989), Barth and Bradley (1987), Grier and Tullock (1987), Landau (1983), and Kormendi and Meguire (1985).
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References
Aschauer, D. A. (1990) ‘Is Government Spending Stimulative?’ Contemporary Policy Issues, vol. 8 (October) pp. 30–46.
Barro, R. J. (1989) ‘Economic Growth in a Cross Section of Countries’, Working Paper no. 3120 ( Cambridge, Mass.: NBER) September.
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© 1993 Confederation of European Economic Associations
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Niskanen, W.A. (1993). Fiscal Effects on US Economic Growth. In: Knoester, A. (eds) Taxation in the United States and Europe. Confederation of European Economic Associations Conference Volumes. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22884-3_7
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DOI: https://doi.org/10.1007/978-1-349-22884-3_7
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