Cyclical multiplier and zero low bound effects of government expenditure on economic growth: evidence for Greece

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dc.contributor.authorAlexiou, Constantinos
dc.contributor.authorNellis, Joseph G.
dc.date.accessioned2017-06-09T13:51:03Z
dc.date.available2017-06-09T13:51:03Z
dc.date.issued2017-06-06
dc.description.abstractThis study explores the impact of government expenditure multipliers on economic growth utilising an Autoregressive Distributed Lag (ARDL) approach. We provide evidence on the short-term dynamics as well as the long-run expenditure multiplier effects on economic growth for the Greek economy over the period 1960–2014. We find that the size of the multiplier does not differ substantially over the phases of the business cycle. Our results also indicate that irrespective of the scale of inflation, government expenditure positively affects economic growth, whilst inconclusive evidence is obtained in the case of exceptionally low interest rates.en_UK
dc.identifier.citationConstantinos Alexiou and Joseph G. Nellis. Cyclical multiplier and zero low bound effects of government expenditure on economic growth: evidence for Greece. Australian Economic Papers, Volume 56, Issue 2, 2017, pp. 119-133en_UK
dc.identifier.issn0004-900X
dc.identifier.urihttp://dx.doi.org/10.1111/1467-8454.12084
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/11993
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.rightsAttribution-NonCommercial 3.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/
dc.subjectGovernment Expenditureen_UK
dc.subjectMultiplier Effectsen_UK
dc.subjectZero Low Bounden_UK
dc.subjectRecessionen_UK
dc.subjectARDLen_UK
dc.titleCyclical multiplier and zero low bound effects of government expenditure on economic growth: evidence for Greeceen_UK
dc.typeArticleen_UK

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