Equivalenza ricardiana in economia aperta: un'analisi dinamica su dati panel

Patrizia Margani and Roberto Ricciuti

Rivista di Politica Economica, 2006, vol. 96, issue 3, 309-324

Abstract: We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a significant effect of the budget balance on the current account, suggesting that Ricardian Equivalence does not hold.

JEL-codes: E62 F32 F41 H62 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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Working Paper: Equivalenza Ricardiana in economia aperta:un’analisi dinamica su dati panel (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:v:96:y:2006:i:3:p:309-324

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