The "Crowding Out" Effect of Federal Government Outlay Decisions: An Empirical Note

This note has addressed the empirical issue of crowding out by examining the proportion of GDP devoted to private investment in new physical capital in part as a function of the proportion of GDP devoted to federal government outlays. Three alternative models were estimated, all of which revealed evidence of (a) a definite pattern in which private investment is crowded out by government spending and (b) only partial, i.e., incomplete, crowding out.

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Year of publication:	1980-02-18
Authors:	Cebula, Richard ; Carlos, Christopher ; Koch, James
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	budget deficit \| crowding out \| partial crowding out

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Public Choice 2.36(1981): pp. 329-336
Classification:	H31 - Household ; H32 - Firm ; H61 - Budget; Budget Systems ; H62 - Deficit; Surplus
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011111208