[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Search :: Submit ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
::
:: Volume 21, Issue 66 (Quarterly Journal of Economic Research and Policies 2013) ::
qjerp 2013, 21(66): 69-92 Back to browse issues page
Investigating the Impact of Government Size on the Substitutability between Government Spending and Private Consumption in Selected OIC Countries
Ali Hossein Samadi * , Sayed Mohamad Sayedi
, asamadi@rose.shirazu.ac.ir
Abstract:   (10357 Views)
The effect of government spending on private consumption, as the largest and the most stable component of aggregate demand always has been preoccupying many economists. In this article, using the elasticity of substitution concept, we investigate the substitutability of government spending for private consumption in 48 OIC countries. We use the Pesaran’s CD test for investigating the cross-section dependency in the data. Then the stationary of variables confirmed by IPS and CIPS tests and the regression equations estimate by CUP-FM estimator. According to the estimation results, the substitutability between government spending and household consumption was confirmed for OIC countries. In addition, the results of estimating tell that in case of countries with larger governments the degree of substitutability between government spending and private consumption is greater.
Keywords: Government Spending, Private Consumption, Elasticity of Substitution, Panel Data, Cross-Section Dependence, CUP-FM Estimator, OIC Countries
Full-Text [PDF 431 kb]   (2786 Downloads)    
Type of Study: Research | Subject: Special
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Samadi A H, Sayedi S M. Investigating the Impact of Government Size on the Substitutability between Government Spending and Private Consumption in Selected OIC Countries. qjerp 2013; 21 (66) :69-92
URL: http://qjerp.ir/article-1-727-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 21, Issue 66 (Quarterly Journal of Economic Research and Policies 2013) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
Persian site map - English site map - Created in 0.05 seconds with 37 queries by YEKTAWEB 4645