The Direct Substitution between Government and Private Consumption in East Asia
Published Date
Copyright 2007
ISBN 9780226386812
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Copy CitationYum K. Kwan, Fiscal Policy and Management in East Asia (University of Chicago Press, 2007), chap. 2, https://www.nber.org/books-and-chapters/fiscal-policy-and-management-east-asia/direct-substitution-between-government-and-private-consumption-east-asia.
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Working Paper
We investigate empirically the extent to which government consumption substitutes for private consumption in nine East...