Impact of a Change in Public Spending Policies on Margins and Business Cycles in OECD Countries

M.-C. Royen

Liege - Groupe d'Etude des Mathematiques du Management et de l'Economie from UNIVERSITE DE LIEGE, Faculte d'economie, de gestion et de sciences sociales, Groupe d'Etude des Mathematiques du Management et de l'Economie

Abstract: This paper analyses how government policies can affect the steady state margins and output in European countries. It draws heavily on a study realized by Aziz J. and Leruth L. (1997), who show that the government can the cyclical behaviour of the economy by changing the composition of public outlays between current and capital expenditure. The authors analyse the behaviour of OECD margins and output, over the 1970-1992 period, caused by changes in the composition as well as in the level of public spending. They show that the impact in European countries is lower than in the US postwar economy, partly reflecting alternative assumptions on the level of margins.

Keywords: PUBLIC POLICY; PUBLIC EXPENDITURES; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 H50 (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:gemame:9819

Access Statistics for this paper

More papers in Liege - Groupe d'Etude des Mathematiques du Management et de l'Economie from UNIVERSITE DE LIEGE, Faculte d'economie, de gestion et de sciences sociales, Groupe d'Etude des Mathematiques du Management et de l'Economie UNIVERSITE DE LIEGE, Faculte d'economie, de gestion et de sciences sociales, Groupe d'Etude des Mathematiques du Management et de l'Economie. 4000 Liege, BELGIQUE. Contact information at EDIRC.
Series data maintained by Thomas Krichel ().