This paper analyses how government policies can affect the steady state margins and output in European countries. It draws heavily on a study realized by Aziz J. and Leruth L. (1997), who show that the government can the cyclical behaviour of the economy by changing the composition of public outlays between current and capital expenditure. The authors analyse the behaviour of OECD margins and output, over the 1970-1992 period, caused by changes in the composition as well as in the level of public spending. They show that the impact in European countries is lower than in the US postwar economy, partly reflecting alternative assumptions on the level of margins.
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Length: 13 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:gemame:9819
Contact details of provider: Postal: UNIVERSITE DE LIEGE, Faculte d'economie, de gestion et de sciences sociales, Groupe d'Etude des Mathematiques du Management et de l'Economie. 4000 Liege, BELGIQUE Web page: http://www.sig.egss.ulg.ac.be/gemme/ More information through EDIRC
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Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
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