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- W3091632051 abstract "We attempted to scrutinize the efficacy of fiscal policy tools on key macroeconomic variables in case of India. Applying an asymmetric cointegration framework, the impact of public spending hike on output growth is significantly favourable and that of the decrease in it is insignificant. Similarly, effect of tax hikes is more pronouncing than tax cuts. Comparatively, results report more effectiveness of spending hikes than the tax cuts to avoid an economic downturn and tax hikes than spending cuts to cool down a heating economy. Private consumption mimics response of output growth, whereas response of private investment follows the substitutability hypothesis." @default.
- W3091632051 created "2020-10-08" @default.
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- W3091632051 date "2020-09-30" @default.
- W3091632051 modified "2023-10-02" @default.
- W3091632051 title "Asymmetric fiscal multipliers in India – Evidence from a non-linear cointegration" @default.
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- W3091632051 doi "https://doi.org/10.1080/17520843.2020.1818802" @default.
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