Estimación de multiplicadores fiscales para Nicaragua con datos trimestrales de 2006 a 2018
Estimation of fiscal multipliers for Nicaragua with quarterly data from 2006 to 2018
Luis Membreño,
Jennifer López and
Kenneth Jiménez
MPRA Paper from University Library of Munich, Germany
Abstract:
In the present study, we estimate the symmetric and asymmetric multipliers of expenditure and income for Nicaragua. For the symmetric model we used the Structural Vector Autoregressive (SVAR) to identify the fiscal multipliers on the product, consumption and investment. For the asymmetric model we used the local projections approach. The results of the linear model found that spending and income multipliers of the Central Government are less than one Córdoba for GDP, consumption and private investment. Likewise, the results suggest that capital spending has a greater effect on the product. Regarding to the non-linear model, a slight asymmetry was evidenced in the spending multipliers while the income multiplier was always negative no matter the state of the economy.
Keywords: Fiscal policy; Fiscal multipliers; Asymmetry; Structural Vector Autoregressive; Local projections. (search for similar items in EconPapers)
JEL-codes: E62 (search for similar items in EconPapers)
Date: 2020-12-28, Revised 2020-12-28
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:105040
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