Non-Linear Effects of Government Consumption in Tunisia: Does Fiscal Policy Changes Matter?
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 4
Abstract
Abstract: This study examines non-linear effect of fiscal policy (represented by increases in government consumption) on private consumption. Actually, it suggests that this effect depends on the nature of fiscal policy changes. Using a STR (Smooth Transition Regression) model on Tunisia data over the 1975-2010 period, this paper provides evidence that theexpansionary effect of higher government consumption decreases when fiscal policy is expansive. Keywords: Government consumption,Private consumption, Primary deficit, Smooth Transition Regression Model, Tunisia
Authors and Affiliations
Wissem Khanfir
Keywords
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