The dynamic effects of public expenditure shocks in the United States

Rodríguez, Susana Párraga

doi:10.1016/j.jmacro.2018.04.005

Cited by 68 publications

(7 citation statements)

References 35 publications

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“…They find that permanent benefit increases have a significant impact on consumption upon impact. This paper complements previous work in Párraga-Rodríguez ( 2018 , 2022 ) along three dimensions. First, while my previous research focused on a single-country analysis for the USA or Spain, this paper uses a sample of EU countries.…”

Section: Introductionsupporting

confidence: 83%

“…In line with Párraga-Rodríguez ( 2018 ), using all discretionary changes overestimates the short-run effect of transfer shocks on output (circle marker). Output rises 0.54% upon impact.…”

Section: The Aggregate Effect Of Transfers Shockssupporting

confidence: 72%

“…At this point it is imperative in comparison with other estimates of the multiplier effect in the existing literature (although these measures do not afford a one-to-one comparison in all cases). In related research I estimate the dynamic aggregate effects of innovations to social security benefits in the USA during the period 1951–2007 (Párraga-Rodríguez 2018 ). Then I found an impact multiplier of 0.2, rising to an accumulated response of 1.0 after four quarters and a maximum value of 2.2 in the long run.…”

Section: The Aggregate Effect Of Transfers Shocksmentioning

confidence: 99%

“…Evidence at the household-level predicts a larger response of durables than non-durables purchases to increases in disposable income. 13 Moreover, Romer and Romer ( 2016 ) and Párraga-Rodríguez ( 2018 , 2022 ) find that innovations to social security benefits trigger a larger response of durables purchases than non-durables consumption. However, the estimates for durables and services consumption are only significant at the 68% confidence level and transfer shocks have a longer lasting effect on non-durables consumption.…”

Section: The Aggregate Effect Of Transfers Shocksmentioning

confidence: 99%

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The aggregate effects of government income transfers shocks: EU evidence

Rodríguez¹,

España²

2023

SERIEs

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This paper estimates the aggregate effects of government income transfers shocks for a sample of EU countries. I construct a new measure of transfers shocks based on a dataset by public finance experts of the European System of Central Banks (ESCB). The identification strategy consists of a narrative analysis of policy actions in old age pensions reported in the ESCB dataset. I find that increases in old age pensions have a positive impact on aggregate expenditure components and employment consistent with a multiplier effect between 0 and 1.

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Section: Introductionsupporting

confidence: 83%

“…In line with Párraga-Rodríguez ( 2018 ), using all discretionary changes overestimates the short-run effect of transfer shocks on output (circle marker). Output rises 0.54% upon impact.…”

Section: The Aggregate Effect Of Transfers Shockssupporting

confidence: 72%

Section: The Aggregate Effect Of Transfers Shocksmentioning

confidence: 99%

Section: The Aggregate Effect Of Transfers Shocksmentioning

confidence: 99%

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The aggregate effects of government income transfers shocks: EU evidence

Rodríguez¹,

España²

2023

SERIEs

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“…Since public health expenditure constitutes an important determinant of economic growth (Rodríguez, 2018), any impact of female representation on public health expenditure can enhance economic growth. Second, understanding this relationship can enable policymakers to develop effective strategies for reducing corruption and increasing the efficiency of public health expenditure.…”

mentioning

confidence: 99%

Women in Parliament and Public Health Expenditure: Evidence from Sub-Saharan African Countries

Fokam¹,

Mbengono²,

Sato³

et al. 2021

Journal of Social Economics Research

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The linkages between women in politics and economic development have received significant attention from policymakers and researchers. There is a consensus in political economy literature that women are more sociable than men and that the higher number of females in parliament is associated with lower levels of corruption, better quality of environment and a higher level of economic growth. This paper investigates the effect of female representation on public health expenditure on a panel of 40 sub-Saharan African countries from 1995 to 2014. The empirical evidence is based on the ordinary least squares (OLS) method and the instrumental variables (IV-2SLS). The results show that a higher number of women in parliament increases the share of public spending devoted to health. Based on these results, several policy implications can be drawn. Contribution/Originality:This study contributes to the existing literature by being one of the first empirical studies on the effect of political representation of women on public health expenditure in sub-Saharan Africa. INTRODUCTIONThe issue of gender inequality has become a global problem affecting both developing and developed countries.Inequalities between men and women are widespread in almost every aspect of a nation's life. Several initiatives have been implemented in recent decades aimed at integrating more women into the labor market. Perhaps one of the most important initiatives of the last decade is the adoption of the United Nations Sustainable Development Goals, which places gender equality and women's and girls' empowerment at the center of governmental concern.To better justify the need to integrate more women into the labor market, the McKinsey Global Institute (2015) estimated that the potential gains of women's integration in terms of annual GDP would be 28,000 billion dollars by 2025, representing 26% of the world's production. These estimates contrast with the reality of gender marginalization in almost every sector of a country's economic life, from education to economic independence.Parliaments do not escape this general trend of gender inequality. According to the Inter-Parliamentary Union (2017), only 22% of parliamentary seats are held by women. This percentage shows how much of the world's parliaments are still dominated by men, and the consequence is the under-representation of women in key

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Macroeconomic effects of government transfer payments: Evidence from Korea

Kim

2021

Economic Modelling

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The dynamic effects of public expenditure shocks in the United States

Cited by 68 publications

References 35 publications

The aggregate effects of government income transfers shocks: EU evidence

The aggregate effects of government income transfers shocks: EU evidence

Women in Parliament and Public Health Expenditure: Evidence from Sub-Saharan African Countries

Macroeconomic effects of government transfer payments: Evidence from Korea

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