Hermannsson, Kristinn; McGregor, Peter G; Swales, J Kim - Economics Department, University of Strathclyde - 2013
students at particular institutions. Furthermore we take into account the binding budget constraint of public expenditures (as …This paper examines how appropriately to attribute economic impact to consumption expenditures. Consumption … expenditures are often treated as either wholly endogenous or wholly exogenous, following a distinction from Input-Output analysis …