| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8563 |
| DP8563 Estimating Income Elasticity of Government Expenditures: Evidence from Oil Price Shocks | |
| Mark Gradstein; Alberto Chong; Markus Brückner | |
| 发表日期 | 2011-09-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We estimate the income elasticity of government expenditures using variation in the international oil price as a plausibly exogenous source of within-country variation of countries? permanent income. Our short run elasticity estimates, between 0.25-0.50, are generally somewhat smaller than the previously obtained ones, and they, in particular, indicate that Wagner?s law does not hold; long run elasticities are larger, but still smaller than unity. We also explore the correlates of the income elasticity of government spending and find no support for views that either democracy, inequality, or openness are associated with a larger elasticity. However, we find evidence consistent with ?voracity? theories: cross-country differences in ethnic polarization are associated with a significantly higher oil price driven income elasticity of government spending. |
| 主题 | Public Economics |
| 关键词 | Wagner law |
| URL | https://cepr.org/publications/dp8563 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537400 |
| 推荐引用方式 GB/T 7714 | Mark Gradstein,Alberto Chong,Markus Brückner. DP8563 Estimating Income Elasticity of Government Expenditures: Evidence from Oil Price Shocks. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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