The productivity of government spending in Asia: 1983-2000

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

Leightner [The Changing Effectiveness of Key Policy Tools in Thailand. Institute of Southeast Asian Studies for East Asian Development Network, EAON Working Paper 19(2002)x0219-6417] develops a new analytical technique, named "Reiterative Truncated Projected Least Squares" (RTPLS), which produces 1/2 the error of OLS when omitted variables interact with the included independent variable. In this paper, RTPLS is applied to annual panel data on government spending and GDP from 1983 to 2000 for 23 developing Asian and Pacific countries. RTPLS produces estimates for the government spending multiplier for these countries and shows how omitted variables have affected these multipliers across countries and over time.

Original languageEnglish (US)
Pages (from-to)33-46
Number of pages14
JournalJournal of Productivity Analysis
Volume23
Issue number1
DOIs
StatePublished - Jan 1 2005

Keywords

  • Fiscal policy
  • Government spending multipliers
  • Omitted variables

ASJC Scopus subject areas

  • Business and International Management
  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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