Test of say's law by sector and crowd Forecast simulation of deficit increase against the current economic crisis
Material type: Mixed materialsPublication details: 2013Description: 1177-1213Subject(s): NLM classification:- 332
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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Periodicals/Magazines | SSCBS Library | 26/4 | Available | P14812 |
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.
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