Test of say's law by sector and crowd
KAMIRYO, HIDEYUKI
Test of say's law by sector and crowd Forecast simulation of deficit increase against the current economic crisis - 2013 - 1177-1213
This paper test and proves the relationship between the growth rate of output and the level of deficit in endogenous equilibrium, using the data sets of KEWT 3.09, 1990-2007 for 58 countries by sector (govt. and private). The author tests say's law in an open economy, where supply equals demand in endogenous equilibrium, but output/income primarily differs by fiscal policy.
FINANCIAL ECONOMICS
332
Test of say's law by sector and crowd Forecast simulation of deficit increase against the current economic crisis - 2013 - 1177-1213
This paper test and proves the relationship between the growth rate of output and the level of deficit in endogenous equilibrium, using the data sets of KEWT 3.09, 1990-2007 for 58 countries by sector (govt. and private). The author tests say's law in an open economy, where supply equals demand in endogenous equilibrium, but output/income primarily differs by fiscal policy.
FINANCIAL ECONOMICS
332