| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15754 |
| 来源ID | Working Paper 15754 |
| Industry Evidence on the Effects of Government Spending | |
| Christopher J. Nekarda; Valerie A. Ramey | |
| 发表日期 | 2010-02-18 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper investigates industry-level effects of government purchases in order to shed light on the transmission mechanism for government spending on the aggregate economy. We begin by highlighting the different theoretical predictions concerning the effects of government spending on industry labor market equilibrium. We then create a panel data set that matches output and labor variables to shifts in industry-specific government demand. The empirical results indicate that increases in government demand raise output and hours, but lower real product wages and productivity. Markups do not change as a result of government demand increases. The results are consistent with the neoclassical model of government spending, but they are not consistent with the New Keynesian model of the effects of government spending. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Fiscal Policy |
| URL | https://www.nber.org/papers/w15754 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573424 |
| 推荐引用方式 GB/T 7714 | Christopher J. Nekarda,Valerie A. Ramey. Industry Evidence on the Effects of Government Spending. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15754.pdf（205KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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