A system-wide analysis of public and private expenditure : some Australian evidence

Torney, Janet Anne. (1981). A system-wide analysis of public and private expenditure : some Australian evidence Honours Thesis, School of Economics, The University of Queensland.

       
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Author Torney, Janet Anne.
Thesis Title A system-wide analysis of public and private expenditure : some Australian evidence
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1981
Thesis type Honours Thesis
Language eng
Subjects 14 Economics
Formatted abstract This thesis discusses the contention that government spending has an impact upon the pattern and aggregate level of private consumption expenditure. The theoretical argument for the existence of this relationship is shown to have validity only if the consumer's utility function is not separable in government-supplied and privately-demanded goods. If consumers do not perceive value to themselves from total and/or diaggregated public outlays, the traditional Keynesian consumption function may indeed reflect the household's consiomption plans. Empirically the substitutability/complementarity of public and private expenditure is reliant upon the assumption that aggregation over all individuals is feasible. The findings with Australian data suggest that expenditure by the government has no substantial real effects upon aggregate private consumption behaviour.

 
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Created: Mon, 06 Dec 2010, 13:26:37 EST by Ning Jing on behalf of The University of Queensland Library