Bardakas, Ioanna; Bournakis, Ioannis; Kaplanoglou, Georgia - 2022
Departing from the expansionary austerity literature, this study assesses empirically whether fiscal consolidation … impact is disproportionately more damaging for the TFP of low debt countries, while, contrary to the expansionary austerity … specifications, we present evidence of both short-run and long-run negative effects of fiscal consolidation on TFP. The shortrun …