Testing the Ricardian Equivalence Theorem: Time Series Evidence from Turkey
نویسندگان
چکیده
منابع مشابه
Matching grants and Ricardian Equivalence
This paper investigates the effectiveness of matching grants to correct for interjurisdictional spillovers in the light of Bernheim general neutrality result. Indeed this result suggests that the usual argument that matching grants are needed to internalize the externality arising from the existence of interjuridictional spillovers is an artifact of the assumption that jurisdictions neglect the...
متن کاملRicardian Equivalence Survives Strategic Behavior
Robert Barro (1974) showed government debt has no real effects when generations are linked by altruistically motivated intergenerational transfers, a result now known widely as the Ricardian Equivalence Theorem. An important condition for debt neutrality is believed to be the absence of strategic interactions between members of different generations. I use a simple two-period, parent and child ...
متن کاملRicardian Equivalence with Incomplete Household Risk Sharing
Several important empirical studies (for example, Altonji, Hayashi, and Kotlikoff, 1992, 1996, 1997) have found that households are not altruistically linked in a way consistent with the standard Ricardian model, as put forward by Barro (1974). We built a two-sided altruistic-linkage model in which private transfers are made in the presence of two types of shocks: an observable shock that is pu...
متن کاملThe Relationship between Economic Growth and School Enrollment Rates: Time Series Evidence from Turkey
It has long been argued that there is a close relationship between education and economic development at both individual and societal levels. Economists have found that the level of educational infrastructure is an important indicator of economic development. Similarly, economic variables have been found to be strongly related to school enrollment in many studies. Hence, we investigate the rela...
متن کاملRicardian Equivalence and the Irish Consumption Function: The Evidence Re-examined
I INTRODUCTION T he Ricardian Equivalence hypothesis states that economic agents perceive the future tax liabilities implicit in government debt issue and thus that increasing government expenditure partially crowds out private sector con sumption through its effects on perceived permanent income. Thus, Ricardian equivalence implies that not only does a contraction of government expendi ture ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economies
سال: 2020
ISSN: 2227-7099
DOI: 10.3390/economies8030069