Add to ORKGThis paper reassesses the predictions of the standard Barro-type endogenous growth models drawing on recent developments in the panel time series literature. In particular, we employ the Common Correlated Effects (CCE) estimator developed in Pesaran (2006) and estimate the effects of fiscal policy for a panel of EU countries using annual data from 1995 to 2017. Our results provide strong support for the predictions of the standard endogenous growth model. More importantly, the CCE estimation generates significantly larger effects of fiscal policy on growth with respect to the other widely used estimation methods. Our comparative analysis indicates that estimation methods which ignore the heterogeneous impact of unobserved common factors acr...
One of the most debated questions of growth theory is whether or not government policies can be used...
This paper analyzes the link between growth and public policy when the latter depends on economicall...
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models ...
This paper studies whether a reallocation of the components of public spending and revenues can enha...
In this article, we test to determine whether a reallocation of government budgetary components can...
The role of Fiscal policy in the long run growth process has been crucial in macroeconomics since th...
Data from member states’ Stability and Convergence Programmes from 2011 to 2018 are used to assess t...
In endogenous growth models, in contrast to the neoclassical growth models, government expenditure a...
This paper analyses whether Maastricht and Stability and Growth Pact fiscal rules have affected grow...
Fiscal policy can have positive effects on economic growth through changes in the structure of total...
Endogenous growth models, such as Barro (1990), predict that government expenditure and taxation wil...
There is growing evidence that fiscal consolidation may contribute to economic growth even in the sh...
We assess the fiscal composition–growth nexus, using a large country panel, accounting for the usua...
Blanchard and Leigh (2013, 2014) find fiscal multipliers to be underestimated in the EU in the deep ...
Endogenous growth models, such as Barro (1990), predict that government expenditure and taxation wil...
One of the most debated questions of growth theory is whether or not government policies can be used...
This paper analyzes the link between growth and public policy when the latter depends on economicall...
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models ...
This paper studies whether a reallocation of the components of public spending and revenues can enha...
In this article, we test to determine whether a reallocation of government budgetary components can...
The role of Fiscal policy in the long run growth process has been crucial in macroeconomics since th...
Data from member states’ Stability and Convergence Programmes from 2011 to 2018 are used to assess t...
In endogenous growth models, in contrast to the neoclassical growth models, government expenditure a...
This paper analyses whether Maastricht and Stability and Growth Pact fiscal rules have affected grow...
Fiscal policy can have positive effects on economic growth through changes in the structure of total...
Endogenous growth models, such as Barro (1990), predict that government expenditure and taxation wil...
There is growing evidence that fiscal consolidation may contribute to economic growth even in the sh...
We assess the fiscal composition–growth nexus, using a large country panel, accounting for the usua...
Blanchard and Leigh (2013, 2014) find fiscal multipliers to be underestimated in the EU in the deep ...
Endogenous growth models, such as Barro (1990), predict that government expenditure and taxation wil...
One of the most debated questions of growth theory is whether or not government policies can be used...
This paper analyzes the link between growth and public policy when the latter depends on economicall...
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models ...