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Equivalenza ricardiana in economia aperta: un'analisi dinamica su dati panel

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  • Patrizia Margani

    ()
    (ISAE, Roma)

  • Roberto Ricciuti

    ()
    (UniversitĂ  di Firenze)

Abstract

We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a significant effect of the budget balance on the current account, suggesting that Ricardian Equivalence does not hold.

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Bibliographic Info

Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 96 (2006)
Issue (Month): 3 (May-June)
Pages: 309-324

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Handle: RePEc:rpo:ripoec:v:96:y:2006:i:3:p:309-324

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Cited by:
  1. Francesco Forte & Cosimo Magazzino, 2013. "Twin Deficits in the European Countries," International Advances in Economic Research, Springer, vol. 19(3), pages 289-310, August.

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