Overview

This book presents overwhelming evidence that US government stimulus programs over the past fifty years have not worked. Using the best and most modern econometric testing models, it applies 228 separate hard science tests to examine the effects of different stimulus models that should, in theory, have shown positive results. By testing every possible alternative interpretation, starting with one time period and then retesting in three additional time periods, this definitive study finds that even when favoring pro-stimulus Keynesian models, public financing through government tax cuts and spending increase programs is more likely to drive down - or ""crowd out"" - as much private sector spending as it stimulates in the public sector.

Full Product Details

Author:   John J. Heim
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2017
Weight:   0.454kg
ISBN:  

9783319834108

ISBN 10:   331983410
Pages:   272
Publication Date:   04 July 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction.- 2. Theory of Crowd Out.- 3. Literature Review.- 4. Methodology.- 5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit).- 6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit).- 7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit).- 8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit).- 9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent?.- 10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects.- 11. Dynamic Effects.- 12. Alternatives to Financing Stimulus Programs with Domestic Borrowing.- 13. A Note on the Disposable Income Variable in the Consumption Models.- 14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods?.- 15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods?.- 16. Summary of Findings and Conclusions.

Reviews

Author Information

John J. Heim is Visiting Professor at University of Albany-SUNY, and retired Clinical Professor of Economics at Rensselaer Polytechnic Institute, both in New York, USA.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions