Government Spending and Private Consumption: Some International Evidence
利用多国数据,发现私人消费与政府消费总体上是互补关系,即一方增加会提升另一方的边际效用,且这种互补性随政府规模扩大而减弱。
This paper investigates the relationship between private consumption and publicly provided goods and services for a number of countries. The empirical results show that, in the aggregate, private and government consumption are best described as complementary in the sense that an increase in one raises the marginal utility of the other. The strength of this relationship is shown to be negatively affected by the government size. These findings are robust across all specifications tried. Copyright 1994 by Ohio State University Press.