A disaggregated approach to the determination of government spending multipliers created by Orcan Cortuk

By:

Cortuk, Orcan [author]

Material type: Text

TextSeries: Journal of Economic Policy Reform ; Volume 16, number 1,Oxfordshire Taylor and Francis 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

17487870

Subject(s):

LOC classification:

HD1918

Online resources:

Click here to access online

Summary: This paper contributes to the debate on the effects of fiscal stimuli by showing that the impact of government expenditure depends on its composition. Government spending is not homogeneous and its effects on economic variables vary depending on its type. Comparing the effects of three types of government spending (investment, wage and non-wage components of consumption), it is concluded that government investment shocks are not the most effective spending shocks in boosting output, contrary to common opinion. Instead, the wage component government consumption has the biggest impact, whereas the non-wage component government consumption has the least. This variation stems mainly from the effects on (private) consumption.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Journal Article	Main Library - Special Collections	HD1918 JOU (Browse shelf(Opens below))	Vol. 16, No. 1 pages 31-45	Not for loan

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This paper contributes to the debate on the effects of fiscal stimuli by showing that the impact of government expenditure depends on its composition. Government spending is not homogeneous and its effects on economic variables vary depending on its type. Comparing the effects of three types of government spending (investment, wage and non-wage components of consumption), it is concluded that government investment shocks are not the most effective spending shocks in boosting output, contrary to common opinion. Instead, the wage component government consumption has the biggest impact, whereas the non-wage component government consumption has the least. This variation stems mainly from the effects on (private) consumption.

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