Bardakas, Ioanna; Bournakis, Ioannis; Kaplanoglou, Georgia - 2022
Departing from the expansionary austerity literature, this study assesses empirically whether fiscal consolidation … specifications, we present evidence of both short-run and long-run negative effects of fiscal consolidation on TFP. The shortrun … thesis, our empirical results would advise against spending-driven fiscal consolidation, since such consolidation undermines …