No abstract

Long-run demand attendance, Major League Baseball, Panel estimation, L83, C23,

This paper provides a theoretical and empirical investigation of the simultaneous effects of taxes and government spending on long-run economic growth in an endogenous growth framework. A two-sector model is considered: one sector produces physical output and the other produces human capital. Government expenditure is divided into several categories, and several types of taxes are included. The property tax is especially interesting because it is a major source of revenue for local government. The theoretical model is estimated using annual panel data from North Carolina counties. This study finds that state-level fiscal policies affect economic growth but county-level fiscal policies do not. . The author would like to thank John J. Seater, Michael L. Walden, Alastair Hall, and Charles Knoeber for helpful comments and suggestions and the anonymous referee for significant substantive comments.

No abstract

This article estimates the effects of monetary policy on components of aggregate demand using quarterly data on Turkish economy from 1987-2008 by means of structural Vector Autoregression (VAR) methodology. This study adopts Uhlig's (2005) sign restrictions on the impulse responses of main macroeconomic variables to identify monetary shock. This study finds that expansionary monetary policy stimulates output through consumption and investment in the short-run. However, expansionary monetary policy is ineffective in the long-run.