The Effects of Government Spending Over the Business Cycle: A Disaggregated Analysis for OECD and Non-OECD Countries

Asymmetric Effects of Government Spending on Economic Growth Over the Business Cycle: Application of Markov Switching Models

This paper is  investigated four subject with uses iranian economic data and using the Markov-Switching model during the period (1369: 3-1393: 4), So that: (a) were Examined impact of  the positive and negative Fiscal  shocks on Iran economic growth ( B) the Hypothesis  impact of negative shocks is greater than a positive shock was tested. (C) were tested the impact of government expenditure (f...

Relative Efficiency of Government Spending and Its Determinants: Evidence from OECD and Asian Countries

Eric C. Wang National Chung Cheng University, Taiwan and Eskander Alvi Western Michigan University, USA Abstract The efficiency of government macro-performance is an essential element in pursuing economic development. The major purpose of this paper is to compare the efficiency results of Asian countries with those of OECD countries and to shed some light on LDCs. Two tasks are made in order to...

Leading Indicators of the Business Cycle: Dynamic Logit Models for Oecd Countries and Russia

The Output and Welfare Effects of Government Spending Shocks over the Business Cycle∗

This paper studies the state-dependence of the output and welfare effects of shocks to government purchases in a canonical medium scale DSGE model. When monetary policy is characterized by a Taylor rule, the output multiplier (the change in output for a one unit change in government spending) is countercyclical but close to constant across states of the business cycle, whereas the welfare multi...

Health spending, delivery, and outcomes in OECD countries.

Data comparing health expenditures in twenty-four industrialized nations show that the United States continues to lead the world in health spending as a percentage of gross domestic product. In 1991 the United States spent $2,868 per person on health care, compared with an average of $1,305 in Organization for Economic Cooperation and Development (OECD) countries. The U.S. figure exceeds spendi...