The Timing and Persistence of Fiscal Policy Impacts on Growth
Evidence from OECD Countries
Bibliographic Data
| ID | 9714840 |
|---|---|
| Authors | Norman Gemmell (0000-0001-6419-4260, The Treasury, Wellington, New Zealand), Richard Kneller (0000-0002-4542-5358, University of Nottingham), Ismael Sanz (0000-0003-1286-4124, Universidad Rey Juan Carlos) |
| Year | 2011 |
| Volume | 121 |
| Issue | 550 |
| Pages | F33-F58 |
| Publication date | 2011-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2010.02414.x |
| OpenAlex | W1573089200 |
| Language | EN |
| Citations received | 17 |
| References cited | 43 |
The literatures testing for aggregate short-run or long‐run growth impacts of fiscal policy use quite different methodologies. The former generally focuses on temporary fiscal ‘shocks’; the latter typically have no short‐run dynamics or assume homogeneity. We use regression methods that treat heterogeneous short‐run dynamics explicitly within a long‐run model. Results suggest that previously estimated ‘long‐run’ growth effects of fiscal policy are typically achieved quickly, consistent with results from short‐run models. In principle these short‐run effects ‘persist’; in practice regular fiscal policy changes in OECD countries mean that persistent increases or decreases in growth rates are rare
Econometrics · Economics · Fiscal policy · Homogeneity (statistics · Macroeconomics · Monetary economics · Persistence (discontinuity · Short run · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
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The Macroeconomic Effects of Tax Changes
Making Social Spending Work
Impuestos a la riqueza y desigualdad
Fiscal policies enhancing growth in Europe
Government size, fiscal policy and the level and growth of output
The Effects of Government Purchases Shocks
Tax composition and economic growth in the age of demographic change
Educación y salud
Policy changes and growth slowdown
Fiscal equalization and composition of subnational government spending
The long‐run investment effect of taxation in OECD countries
Income Inequality, Tax Policy, and Economic Growth
Wealth Inequality in the Long Run
State Capacity and Long‐Run Economic Performance
Porezne promjene i dohodovne nejednakosti u Europskoj uniji tijekom financijske krize
The Political Economy of Financial Reform
Estimating long-run relationships from dynamic heterogeneous panels
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
Tax structure and economic growth
An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
The New Growth Evidence
Fiscal policy and growth
Time Series Tests of Endogenous Growth Models
The Macroeconomic Effects of Tax Changes
Unit root tests in panel data
Testing for unit roots in heterogeneous panels
Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
Growing public – social spending and economic growth since the eighteenth century
Panel Stationarity Tests for Purchasing Power Parity With Cross-Sectional Dependence
Instrument Relevance in Multivariate Linear Models
Public Investment Rules and Endogenous Growth with Empirical Evidence From Canada
Government Spending in a Simple Model of Endogeneous Growth
The Role of Economic Theory in Modelling The Long Run
| Unique citing works | 17 |
|---|---|
| Citations per year | 1.06 |
| Citation span | 2010 - 2026 (17) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 17 |