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Fiscal multipliers in advanced and developing countries : evidence from military spending

Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019

Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...

Persistent link: https://www.econbiz.de/10011992297

Output response to government spending : evidence from new international military spending data

Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015

in the previous literature based on U.S. data - we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debtfinanced spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …

Persistent link: https://www.econbiz.de/10011305775

Russian economic development under forceful defense spending growth

Buklemishev, Oleg V. - In: Russian journal of economics 10 (2024) 4, pp. 319-331

The article examines historical aspects, general economic logic, and theoretical discussions on the policy of stimulating the economy through increased government appropriations for defense items. It provides a brief overview of empirical studies on economic effects of defense spending in Russia...

Persistent link: https://www.econbiz.de/10015396283

Government spending multipliers in natural resource-rich developing countries

Nganou, Jean-Pascal Nguessa; Somé, Juste; Tchuente, Guy - 2016

This paper estimates the government spending multiplier for natural resource-rich low-income countries (LICs). Kraay … government spending multiplier. Our estimates suggest that in the short run, the government spending multiplier is around 0.7 for …

Persistent link: https://www.econbiz.de/10011547618

Reassessing the cross-sectional fiscal multiplier : evidence from U.S. defense procurement, 1966-2019

Pallante, Gianluca - 2025

This paper revisits the empirical analysis of Nakamura and Steinsson (2014). I reconstruct and extend the original dataset to cover the period 1966-2019, harmonizing two major sources of data: the Defense Contract Action Data System (DCADS) and USAspending.gov. I discuss how to aggregate these...

Persistent link: https://www.econbiz.de/10015396022

Output Response to Government Spending : Evidence from New International Military Spending Data

Sheremirov, Viacheslav - 2015

in the previous literature based on U.S. data — we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debt-financed spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …

Persistent link: https://www.econbiz.de/10013013539

Government Spending Multipliers in Resource-Rich Developing Countries

Nganou, Jean-Pascal N. - 2017

This paper estimates government spending multiplier for natural resource-rich low-income countries (LICs). Our … estimates suggest an absence of natural resource curse in government spending multiplier. In the short run, the government … spending multiplier is around 0.7 for natural resource-rich LICs and 0.43 for all LICs. The government spending has a permanent …

Persistent link: https://www.econbiz.de/10012967304

Fiscal multipliers in advanced and developing countries : evidence from military spending

Sheremirov, Viacheslav; Spirovska, Sandra - In: Journal of public economics 208 (2022), pp. 1-13

Persistent link: https://www.econbiz.de/10013347452

Fiscal transparency and procyclical fiscal policy

Andersen, Asger Lau; Nielsen, Lasse Holbøll Westh - 2010

This paper examines why fiscal policy is procyclical in developing as well as developed countries. We introduce the concept of fiscal transparency into a model of retrospective voting, in which a political agency problem between voters and politicians generates a procyclical bias in government...

Persistent link: https://www.econbiz.de/10003942080

The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe

Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017

This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...

Persistent link: https://www.econbiz.de/10011924544