To what extent are public savings offset by private savings in the OECD

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dc.contributor.authorHolmes, Mark J.
dc.date.accessioned2009-01-28T22:11:53Z
dc.date.available2009-01-28T22:11:53Z
dc.date.issued2006
dc.description.abstractThe substitutability of private and public savings has implications for the effectiveness of fiscal policy. Using annual data for the period 1970–2004, this study re-examines long-run relationships between OECD private and public savings rates. However, unlike previous work, panel data unit root and cointegration tests are employed. The results confirm substitutability where strong Ricardian Equivalence is rejected for the entire OECD panel. There is support for weak Ricardian Equivalence with less than perfect substitutability. Indeed, it is argued that existing studies most likely overstate the extent of long-run substitutability particularly with regard to EU countries.en
dc.identifier.citationHolmes, M. (2006). To what extent are public savings offset by private savings in the OECD. Journal of Economics and Finance, 30(3), 285-296.en
dc.identifier.doi10.1007/BF02752735en
dc.identifier.urihttps://hdl.handle.net/10289/1893
dc.language.isoen
dc.publisherThe Academy of Economics and Financeen_NZ
dc.relation.isPartOfJournal of Economics and Financeen_NZ
dc.relation.urihttp://www.springerlink.com/content/n8w41624333504n1/?p=487e40a1acbe45cea03adacbf214449f&pi=0en
dc.subjectOECDen
dc.subjectprivate savingen
dc.subjectpublic savingen
dc.titleTo what extent are public savings offset by private savings in the OECDen
dc.typeJournal Articleen
pubs.begin-page285en_NZ
pubs.elements-id32074
pubs.end-page296en_NZ
pubs.issue3en_NZ
pubs.volume30en_NZ
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