Economics, Econometrics and Finance
3 years ago

Government spending in Thailand leads to crowding-out effect on economy.

WSEAS TRANSACTIONS ON MATHEMATICS
The Shock Reaction in a Simple Close Economy
Adirek Vajrapatkul

Paper Summary

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The article explores how government policies affect the economy by using a simple model with public goods. By analyzing data from Thailand, the researchers found that government spending can crowd out private investment. They also observed how different economic variables react to various shocks, confirming previous studies.