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Original Articles

Externality effect of the USA total, federal and state government expenditures on private investment, 1960-91

Pages 23-25 | Published online: 05 Oct 2010
 

Abstract

The main objective of this short paper is to measure the impact of increases in total, federal and state government expenditures on private investment in the USA. For this purpose a framework based on a variable elasticity approach is used and tested. The results obtained conclusively support the ‘accelerator principle’ and ‘crowding out’ hypothesis.

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