Do Public Expenditure and Subsidies have an Impact on Chile's GDP?
نویسندگان
چکیده
This paper analyzes the effect of public spending on Chilean economy by analyzing quarterly data for period 1990-2018. GDP and expenditure among other macroeconomic variables have been used to estimate a VEC (Vector Error Correction) model. The main objective is investigate an important component spending, such as Government transfers, their impact economic growth. Results show bidirectional causal relationship Granger type between government subsidies. By same token, there unidirectional unemployment rate towards subsidy spending. Through model, short longterm elasticities are estimated analyze adjustment dynamics being studied, noting that has subsidies null these Chile’s
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ژورنال
عنوان ژورنال: Account and financial management journal
سال: 2022
ISSN: ['2456-3374']
DOI: https://doi.org/10.47191/afmj/v7i7.07