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Multiplicador del gasto público en Argentina

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Listed:
  • Jorge Puig

    (Universidad Nacional de La Plata)

Abstract

This paper provides the first empirical estimates of Argentina's Public Sector spending multiplier using a structural vector autoregression methodology (SVARs). At the same time, it exploits the economic classification of expenditures to make a very interesting contribution by differentiating the multiplier between consumption expenditure and capital expenditure (public investment). Results support the great importance of such differentiation as consumption spending has moderate effects on output while public investment has much more expansive macroeconomic effects, resulting from the synergies it generates with the private sector. These facts reveal the importance of thinking public and private sectors as complements rather than substitutes (or rivals) and the need to abandon the pro-cyclical fiscal policies are emphasized.

Suggested Citation

  • Jorge Puig, 2014. "Multiplicador del gasto público en Argentina," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 60, pages 188-210, January-D.
  • Handle: RePEc:lap:journl:594
    as

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    File URL: http://economica.econo.unlp.edu.ar/documentos/20141223104932AM_Economica_594.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Spending Multiplier; Fiscal Policy; Business Cycle; SVAR.;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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