Matches in SemOpenAlex for { <https://semopenalex.org/work/W2079953265> ?p ?o ?g. }
- W2079953265 endingPage "116" @default.
- W2079953265 startingPage "107" @default.
- W2079953265 abstract "We revisit the debate of whether government spending is procyclical in developing countries. Our main contribution is to argue that, beyond exogeneity of the income shock, an empirical analysis of government spending cyclicality must be carefully tailored to the shock's persistence. We first illustrate this point in a simple intertemporal model. We then use instrumental variables estimation to characterize the response of government expenditures to exogenous shocks with different degrees of persistence. Our estimation strategy exploits that: (i) year-to-year variations in rainfall have a significant positive contemporaneous effect on sub-Saharan African countries' real GDP but this effect is transitory; (ii) year-to-year variations in the GDP of sub-Saharan African countries' OECD trading partners have a significant positive contemporaneous effect on sub-Saharan African countries' real GDP and this effect is persistent. Using rainfall as an instrument for sub-Saharan African countries' GDP yields a government consumption expenditures elasticity response of around 0.4 (standard error 0.3). When the instrument is the GDP of sub-Saharan African countries' OECD trading partners the estimated government consumption expenditures elasticity response is around 1.1 (standard error 0.2). The elasticity response of government consumption expenditures to persistent income shocks is thus significantly higher relative to transitory shocks." @default.
- W2079953265 created "2016-06-24" @default.
- W2079953265 creator A5000710707 @default.
- W2079953265 creator A5089177904 @default.
- W2079953265 date "2014-11-01" @default.
- W2079953265 modified "2023-10-09" @default.
- W2079953265 title "Government spending cyclicality: Evidence from transitory and persistent shocks in developing countries" @default.
- W2079953265 cites W1969886729 @default.
- W2079953265 cites W1973804941 @default.
- W2079953265 cites W1980188551 @default.
- W2079953265 cites W2034421007 @default.
- W2079953265 cites W2088563154 @default.
- W2079953265 cites W2116120759 @default.
- W2079953265 cites W2145021151 @default.
- W2079953265 cites W2147039585 @default.
- W2079953265 cites W2152147980 @default.
- W2079953265 cites W2153007565 @default.
- W2079953265 cites W2165144879 @default.
- W2079953265 cites W2173858490 @default.
- W2079953265 cites W3022000320 @default.
- W2079953265 cites W3122180435 @default.
- W2079953265 cites W3122285641 @default.
- W2079953265 cites W3124311208 @default.
- W2079953265 doi "https://doi.org/10.1016/j.jdeveco.2014.08.003" @default.
- W2079953265 hasPublicationYear "2014" @default.
- W2079953265 type Work @default.
- W2079953265 sameAs 2079953265 @default.
- W2079953265 citedByCount "16" @default.
- W2079953265 countsByYear W20799532652015 @default.
- W2079953265 countsByYear W20799532652016 @default.
- W2079953265 countsByYear W20799532652017 @default.
- W2079953265 countsByYear W20799532652020 @default.
- W2079953265 countsByYear W20799532652021 @default.
- W2079953265 countsByYear W20799532652022 @default.
- W2079953265 crossrefType "journal-article" @default.
- W2079953265 hasAuthorship W2079953265A5000710707 @default.
- W2079953265 hasAuthorship W2079953265A5089177904 @default.
- W2079953265 hasConcept C100243477 @default.
- W2079953265 hasConcept C126322002 @default.
- W2079953265 hasConcept C138885662 @default.
- W2079953265 hasConcept C139719470 @default.
- W2079953265 hasConcept C144024400 @default.
- W2079953265 hasConcept C149782125 @default.
- W2079953265 hasConcept C162144332 @default.
- W2079953265 hasConcept C162324750 @default.
- W2079953265 hasConcept C178283979 @default.
- W2079953265 hasConcept C193991484 @default.
- W2079953265 hasConcept C2778137410 @default.
- W2079953265 hasConcept C2781300812 @default.
- W2079953265 hasConcept C2781356325 @default.
- W2079953265 hasConcept C30772137 @default.
- W2079953265 hasConcept C34447519 @default.
- W2079953265 hasConcept C36289849 @default.
- W2079953265 hasConcept C41895202 @default.
- W2079953265 hasConcept C50522688 @default.
- W2079953265 hasConcept C556758197 @default.
- W2079953265 hasConcept C610760 @default.
- W2079953265 hasConcept C71924100 @default.
- W2079953265 hasConcept C83864248 @default.
- W2079953265 hasConceptScore W2079953265C100243477 @default.
- W2079953265 hasConceptScore W2079953265C126322002 @default.
- W2079953265 hasConceptScore W2079953265C138885662 @default.
- W2079953265 hasConceptScore W2079953265C139719470 @default.
- W2079953265 hasConceptScore W2079953265C144024400 @default.
- W2079953265 hasConceptScore W2079953265C149782125 @default.
- W2079953265 hasConceptScore W2079953265C162144332 @default.
- W2079953265 hasConceptScore W2079953265C162324750 @default.
- W2079953265 hasConceptScore W2079953265C178283979 @default.
- W2079953265 hasConceptScore W2079953265C193991484 @default.
- W2079953265 hasConceptScore W2079953265C2778137410 @default.
- W2079953265 hasConceptScore W2079953265C2781300812 @default.
- W2079953265 hasConceptScore W2079953265C2781356325 @default.
- W2079953265 hasConceptScore W2079953265C30772137 @default.
- W2079953265 hasConceptScore W2079953265C34447519 @default.
- W2079953265 hasConceptScore W2079953265C36289849 @default.
- W2079953265 hasConceptScore W2079953265C41895202 @default.
- W2079953265 hasConceptScore W2079953265C50522688 @default.
- W2079953265 hasConceptScore W2079953265C556758197 @default.
- W2079953265 hasConceptScore W2079953265C610760 @default.
- W2079953265 hasConceptScore W2079953265C71924100 @default.
- W2079953265 hasConceptScore W2079953265C83864248 @default.
- W2079953265 hasLocation W20799532651 @default.
- W2079953265 hasOpenAccess W2079953265 @default.
- W2079953265 hasPrimaryLocation W20799532651 @default.
- W2079953265 hasRelatedWork W2031427903 @default.
- W2079953265 hasRelatedWork W2122529124 @default.
- W2079953265 hasRelatedWork W2161215293 @default.
- W2079953265 hasRelatedWork W2602496263 @default.
- W2079953265 hasRelatedWork W2991532013 @default.
- W2079953265 hasRelatedWork W3017184450 @default.
- W2079953265 hasRelatedWork W3121554743 @default.
- W2079953265 hasRelatedWork W4233878821 @default.
- W2079953265 hasRelatedWork W2125406855 @default.
- W2079953265 hasRelatedWork W2181895685 @default.
- W2079953265 hasVolume "111" @default.
- W2079953265 isParatext "false" @default.
- W2079953265 isRetracted "false" @default.
- W2079953265 magId "2079953265" @default.