The "Crowding Out" Effect of Federal Government Outlay Decisions: An Empirical Note

This note has addressed the empirical issue of crowding out by examining the proportion of GDP devoted to private investment in new physical capital in part as a function of the proportion of GDP devoted to federal government outlays. Three alternative models were estimated, all of which revealed evidence of (a) a definite pattern in which private investment is crowded out by government spending and (b) only partial, i.e., incomplete, crowding out.

MoreLess

Year of publication:	1980-02-18
Authors:	Cebula, Richard ; Carlos, Christopher ; Koch, James

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Cebula, Richard and Carlos, Christopher and Koch, James (1980): The "Crowding Out" Effect of Federal Government Outlay Decisions: An Empirical Note. Published in: Public Choice , Vol. 36, No. 2 (25 March 1981): pp. 329-336.
Classification:	H31 - Household ; H32 - Firm ; H61 - Budget; Budget Systems ; H62 - Deficit; Surplus
Source:	BASE

Persistent link: https://www.econbiz.de/10015239712