dc.contributor.author | Ebadi, E | |
dc.date.accessioned | 2018-10-18T14:19:26Z | |
dc.date.issued | 2018-10-18 | |
dc.description.abstract | This paper applies annual data from 1962 to 2011 to investigate the long run relationship between government
spending and Gross Domestic Product (GDP). The common approach only considers defense government spending to
estimate the multiplier to overcome the identification problem and endogeneity in isolating the effect of changes in
government spending on GDP, I use the Autoregressive Distributed Lag (ARDL) approach to cointegration, which
works despite having endogenous regressors to estimate the spending multiplier. The results confirm that government
spending can be treated as a ‘long-run forcing’ variable for the explanation of real GDP and the long-run multiplier is
found to be 1.94. | en_GB |
dc.identifier.citation | Vol. 8 (1), pp. 2 - 10 | en_GB |
dc.identifier.uri | http://hdl.handle.net/10871/34349 | |
dc.language.iso | en | en_GB |
dc.publisher | Weissberg Publishing | en_GB |
dc.relation.url | http://www.ecrg.ro/ | en_GB |
dc.rights.embargoreason | Under temporary embargo pending publisher permission. | en_GB |
dc.rights | © 2017, Weissberg SRL - Romania | en_GB |
dc.subject | Government spending | en_GB |
dc.subject | Spending multiplier | en_GB |
dc.subject | ARDL approach | en_GB |
dc.title | On the Measurement of the Government Spending Multiplier in the United States: an ARDL Cointegration Approach | en_GB |
dc.type | Article | en_GB |
dc.identifier.issn | 2247-8531 | |
dc.description | This is the final version. Freely available on open access from Weissberg Publishing via the link in this record. | en_GB |
dc.identifier.journal | Economic Research Guardian | en_GB |