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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

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

Sheremirov, Viacheslav; Spirovska, Sandra - 2019

Persistent link: https://www.econbiz.de/10012059606

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