The Displacement Hypothesis and Government Spending in the United Kingdom: some new Long-Run Evidence.

This paper presents new evidence on the ability of Peacock and Wiseman's displacement hypothesis to explain temporal increases in the ratio of government expenditure to GDP in the United Kingdom. Using univariate modelling techniques that are robust to structural changes in the underlying data generating process and a data set extending back to 1836, we find four instances where displacement may be said to have occurred.

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Year of publication:	2000
Authors:	Henry, O. ; Olekalns, N.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	FISCAL POLICY \| PUBLIC EXPENDITURES

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Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 750 17 pages
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H50 - National Government Expenditures and Related Policies. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005587681