An assessment of indirect crowding out with particular reference to the Australian economy between 1966 and 1983

Wild, Phillip Thomas. (1988). An assessment of indirect crowding out with particular reference to the Australian economy between 1966 and 1983 Honours Thesis, School of Economics, The University of Queensland.

       
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Author Wild, Phillip Thomas.
Thesis Title An assessment of indirect crowding out with particular reference to the Australian economy between 1966 and 1983
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1988
Thesis type Honours Thesis
Total pages 102
Language eng
Subjects 14 Economics
Formatted abstract This thesis investigates the proposition that expansionary fiscal policy leads to a reduction in private sector expenditure.

The proposition states that a bond financed expansion in fiscal policy will displace private sector expenditure. This is seen as occurring through two particular channels. The first is through upward movements of nominal interest rates and the second relates to the generation of inflationary' pressures.

To investigate whether crowding out does occur, a series of dynamic multipliers are calculated. These multipliers depict the impact of government expenditure on national income and net government borrowing. The major conclusion arising from the empirical part of this thesis is that while evidence of partial crowding out exists, expansionary fiscal policy can be clearly shown to have an expansionary effect on national income over a three year period.


 
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