dc.contributor.author |
Sheng, Xin
|
|
dc.contributor.author |
Gupta, Rangan
|
|
dc.date.accessioned |
2023-03-02T09:44:41Z |
|
dc.date.available |
2023-03-02T09:44:41Z |
|
dc.date.issued |
2022-08-08 |
|
dc.description.abstract |
Utilising a nonlinear (regime-switching) mixed-frequency panel vector autoregression
model, we study the effects of government spending shocks in the United States (US) over the
business cycle, while considering the role of partisan conflict. In particular, we investigate whether
partisan conflict is relevant to the differences in fiscal spending multipliers in expansionary and
recessionary business cycle phases upon the impact of annual government spending shocks, using
quarterly state-level data covering 1950:Q1 to 2016:Q4. We find new evidence that fiscal multipliers
can vary with economic and political conditions. The cumulated effects of government spending
shocks are strong and persistent in recessions when the level of partisan conflict is low. |
en_US |
dc.description.department |
Economics |
en_US |
dc.description.librarian |
am2023 |
en_US |
dc.description.uri |
https://www.mdpi.com/journal/sustainability |
en_US |
dc.identifier.citation |
Sheng, X.; Gupta, R. The
State-Level Nonlinear Effects of
Government Spending Shocks in the
US: The Role of Partisan Conflict.
Sustainability 2022, 14, 11299.
https://DOI.org/10.3390/su141811299. |
en_US |
dc.identifier.issn |
2071-1050 (online) |
|
dc.identifier.other |
10.3390/su141811299 |
|
dc.identifier.uri |
https://repository.up.ac.za/handle/2263/89929 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
MDPI |
en_US |
dc.rights |
© 2022 by the authors.
Licensee MDPI, Basel, Switzerland.
This article is an open access article
distributed under the terms and
conditions of the Creative Commons
Attribution (CC BY) license. |
en_US |
dc.subject |
Government spending shocks |
en_US |
dc.subject |
Fiscal policy multiplier |
en_US |
dc.subject |
Partisan conflict |
en_US |
dc.subject |
Panel analysis |
en_US |
dc.subject |
Vector autoregressions |
en_US |
dc.subject |
Mixed-frequency |
en_US |
dc.subject |
United States (US) |
en_US |
dc.title |
The state-level nonlinear effects of government spending shocks in the US : the role of partisan conflict |
en_US |
dc.type |
Article |
en_US |