This paper investigates the relationship between government spending and private consumption. The general framework is a cointegration approach of Ogaki (1992) used to estimate the intratemporal elasticity of substitution between government and private consumption in a panel of 15 European countries. Recently developed non-stationary panel methodologies that assume cross-section dependence are applied. Results indicate an Edgeworth substitutability between private and public spending. (C) 2010 Elsevier B.V. All rights reserved.

Auteri, M., Costantini, M. (2010). A panel cointegration approach to estimating substitution elasticities in consumption. ECONOMIC MODELLING, 27(3), 782-787 [10.1016/j.econmod.2010.01.021].

A panel cointegration approach to estimating substitution elasticities in consumption

AUTERI, MONICA;
2010-01-01

Abstract

This paper investigates the relationship between government spending and private consumption. The general framework is a cointegration approach of Ogaki (1992) used to estimate the intratemporal elasticity of substitution between government and private consumption in a panel of 15 European countries. Recently developed non-stationary panel methodologies that assume cross-section dependence are applied. Results indicate an Edgeworth substitutability between private and public spending. (C) 2010 Elsevier B.V. All rights reserved.
2010
Auteri, M., Costantini, M. (2010). A panel cointegration approach to estimating substitution elasticities in consumption. ECONOMIC MODELLING, 27(3), 782-787 [10.1016/j.econmod.2010.01.021].
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/123592
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 18
  • ???jsp.display-item.citation.isi??? 17
social impact