Externality effect of the USA total, federal and state government expenditures on private investment, 1960-91

The main objective of this short paper is to measure the impact of increases in total, federal and state government expenditures on private investment in the USA. For this purpose a framework based on a variable elasticity approach is used and tested. The results obtained conclusively support the 'accelerator principle' and 'crowding out' hypothesis.

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Year of publication:	1995
Authors:	Bairam, Erkin
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 2.1995, 1, p. 23-25
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005629429